What is the assessed value of a property with a market value of $100,000.00 and an assessment rate of 25 percent
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Answer:
The width is
Step-by-step explanation:
From the question we are told that
The population standard deviation is
The sample size is
The sample mean is
Given that the confidence level is 99% then the level of significance is mathematically represented as
=>
=>
Next we obtain the critical value of from the normal distribution table, the value is
Generally margin of error is mathematically represented as
substituting values
The width of the 99% confidence interval is mathematically evaluated as
substituting values