What equation represents the proportional relationship displayed in the table?
1 answer:
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Answer:
They can either decrease the confidence level or increase the sample size, that is, survey more students.
Step-by-step explanation:
The width of a confidence interval is given by:
In which z is the critical value correponding to the confidence level(higher confidence level, higher z is), is the standard deviation of the population and n is the size of the sample.
The students realize that this interval contains a large margin of error. What can they do to make a narrower interval?
Looking at the formula for M, they can either decrease the confidence level or increase the sample size, that is, survey more students.
Answer:
$7,544.58
Step-by-step explanation:
We will use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, change 3.3% into its decimal form:
3.3% -> -> 0.033
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 1 year will be $7,544.58