The expression 1.08s + 1.02b1.08s+1.02b1, point, 08, s, plus, 1, point, 02, b predicts the end-of-year value of a financial port
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Answer:
The margin of error is approximately 0.3
Step-by-step explanation:
The following information has been provided;
The sample size, n =225 students
The sample mean number of hours spent studying per week = 20.6
The standard deviation = 2.7
The question requires us to determine the margin of error that would be associated with a 90% confidence level. In constructing confidence intervals of the population mean, the margin of error is defined as;
The product of the associated z-score and the standard error of the sample mean. The standard error of the sample mean is calculated as;
where sigma is the standard deviation and n the sample size. The z-score associated with a 90% confidence level, from the given table, is 1.645.
The margin of error is thus;
Therefore, the margin of error is approximately 0.3