erin has 40,000 in a savings account that earns 15% interest per year. the interest is not compounded. how much will she have in
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Answer:
The 96% confidence interval for the population proportion of customers satisfied with their new computer is (0.77, 0.83).
Step-by-step explanation:
We have to calculate a 96% confidence interval for the proportion.
We consider the sample size to be the customers that responded the survey (n=800), as we can not assume the answer for the ones that did not answer.
The sample proportion is p=0.8.
The standard error of the proportion is:
The critical z-value for a 96% confidence interval is z=2.054.
The margin of error (MOE) can be calculated as:
Then, the lower and upper bounds of the confidence interval are:
The 96% confidence interval for the population proportion is (0.77, 0.83).
Scientific notation is a way to write compactly numbers with lots of digits, either because they're very large (like 2393490000000000000000000), or very small (like 0.0000000000356).
We use powers of ten to describe all those leading/trailing zeros, so that we con concentrate on the significat digits alone.
In your case, the "important" part of the number is composed by the digits 6 and 1, all the other digits are zero. But how many zeroes? Well, let's do the computation.
Every power of 10, is written as one zero followed by n zeroes, so we have
Multiplying a number by means to shift the decimal point to the right and/or add trailing zeroes n times. So, we have to repeat this process six times. We shift the decimal point to the right one position, and then add the five remaning zeroes. The result is thus