If you can, please tell how you solved
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well, we're assuming all along that Merina owes Bradford $2000, because in the 1st scenario, she was going to pay twice $1000.
on the 2nd scenario, she'll be paying the same $2000 but split 7 months from now and then 7 months later, same 2000 bucks, at which point Bradford applied 8.5% interest.
using those assumptions, since the wording is not quite clear, we can say that Merina is simply paying 2000 bucks plus the 8.5%
Answer:
The 99% confidence interval for the percentage of people who own a tablet computer is between 71.59% and 88.41%
Step-by-step explanation:
Confidence interval for the proportion of people who own a tablet:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
For this problem, we have that:
99% confidence level
So , z is the value of Z that has a pvalue of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
Percentage:
Multiply the proportion by 100.
0.7159*100 = 71.59%
0.8841*100 = 88.41%
The 99% confidence interval for the percentage of people who own a tablet computer is between 71.59% and 88.41%