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NeX [460]
3 years ago
5

To estimate a proportion of students with a grade point average of 3.7 and higher in a college, a random sample of 200 students

was taken and the number of successes counted to be 35. The 95% confidence interval for a population proportion is:
Mathematics
1 answer:
VashaNatasha [74]3 years ago
3 0

Answer: (0.1481323,\ 0.2018677)

Step-by-step explanation:

The confidence interval for population proportion :

\hat{p}\pm z^*\sqrt{\dfrac{\hat{p}(1-\hat{p})}{n}} , where n= sample size, \hat{p} = sample proportion , z*= Critical  z-value.

Let p = population proportion of successes.

Given: n= 200 , \hat{p}=\dfrac{35}{200}=0.175

Critical z value for 95% confidence = 1.96

The 95% confidence interval for a population proportion is:

0.175\pm (1.96)\sqrt{\dfrac{(0.175)(1-0.175)}{200}}\\\\=\ 0.175\pm (1.96)\sqrt{0.000721875}\\\\= 0.175\pm (1.96)(0.0268677)\\\\=(0.175-0.0268677,0.175+0.0268677)\\\\= (0.1481323,\ 0.2018677)

Required confidence interval: (0.1481323,\ 0.2018677)

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Step-by-step explanation:

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Hope this helps
6 0
3 years ago
Orlando invests $1000 at 6% annual interest compounded daily and Bernadette invests $1000 at 7%
Montano1993 [528]

Answer:

6 Years

Step-by-step explanation:

Orlando invests $1000 at 6% annual interest compounded daily.

Orlando's investment = A=1000(1+\frac{0.06}{365})^{(365\times t)}

Bernadette invests $1000 at 7% simple interest.

Bernadette's investment = A = 1000(1+0.07×t)

By trail and error method we will use t = 5

Bernadette's investment will be after 5 years

1000(1 + 0.07 × 5)

= 1000(1 + 0.35)

= 1000 × 1.35

= $1350

Orlando's investment after 5 years

A=1000(1+\frac{0.06}{365})^{(365\times 5)}

   = 1000(1+0.000164)^{1825}

  = 1000(1.000164)^{1825}

  = 1000(1.349826)

  = 1349.825527 ≈ $1349.83

After 5 years Orlando's investment will not be more than Bernadette's.

Therefore, when we use t = 6

After 6 years Orlando's investment will be = $1433.29

and Bernadette's investment will be = $1420

So, after 6 whole years Orlando's investment will be worth more than Bernadette's investment.

8 0
3 years ago
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