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Leonard purchases a model boat kit for $67.53. He uses a coupon for $25 off a purchase of $50 or more. What is the discounted pr

DerKrebs [107]

Given that the original price of the model boat kit is $67.53 and he has a coupon of $25 off if a purchase is $50 or more. Since the purchase is more than $50, we will deduct 25 from 67.53 so the discounted price of the model boat kit would be $42.53. Hope this answers your question.

8 0

4 years ago

A survey of 85 families showed that 36 owned at least one DVD player. Find the 99% confidence interval estimate of the true prop

attashe74 [19]

Answer:

$0.424 - 2.58\sqrt{\frac{0.424(1-0.424)}{85}}=0.286$

$0.424 + 2.58\sqrt{\frac{0.424(1-0.424)}{85}}=0.562$

The 99% confidence interval would be given by (0.286;0.562)

Step-by-step explanation:

Information given:

$X= 36$ represent the families owned at least one DVD player

$n= 85$ represent the total number of families

$\hat p=\frac{36}{85}= 0.424$ represent the estimated proportion of families owned at least one DVD player

In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 99% of confidence, our significance level would be given by $\alpha=1-0.99=0.01$ and $\alpha/2 =0.05$ . And the critical value would be given by: