Jolene wants to invest $2000 into a money market account. Interest is to be 6.5% compounded annually, and she wants to take the
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Answer:
a) Statistic.
b) The population proportion is expected to be between 0.29 and 0.31 with a 94% degree of confidence.
Step-by-step explanation:
a) The proportion of 30% is a statistic, as it is a value that summarizes data only from the sample taken in the study from USA Today. Other samples may yield different proportions.
b) We can use the statistic to estimate a confidence interval for the parameter of the population.
The standard error for the proportion is calculated as:
The margin of error is 0.01. We can use this value to determine the level of confidence that represents.
The formula for the margin of error is:
This z-value, according to the the standard normal distribution, corresponds to a confidence interval of 94%.
The interval for this margin of error is:
Then, we can conclude that the population proportion is expected to be between 0.29 and 0.31 with a 94% degree of confidence.
Answer:
Step-by-step explanation:
Answer:
0.0020760077
Step-by-step explanation:
The probability of drawing the first black card is 26/52 because there are 26 of them in a deck of 52.
The probability of drawing the second black card is 25/51 because there are 25 of them in a deck of 51.
The probability of drawing the third black card is 24/50 because there are 24 of them in a deck of 50.
And so on and so forth, now we just have to multiply the 8 fractions together:
26/52*25/51*24/50*23/49*22/48*21/47*20/46*19/45=
= 0.0020760077