If Tara spends $219 a month for her car payment and she makes $3,200 a month, what percent of her monthly income is spent on her
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Answer:
E= 6.45
standard deviation is σ = 15,
The critical value is z(α/2) = 2.58.
Step-by-step explanation:
Margin error is the value that is lie above and below the sample.It gives percentage of numbers.Its is the product of critical value standard deviation and standard error of statistic.
General formula for the margin of error is
Margin of error = critical value × standard error of statistic
= × σ √n
z-value from two tailed is listed below:
From the table of standard normal distribution, probability value of 0.10.
row and column values gives the area to the two tail of z.
The positive z value is 2.58.
standard deviation is σ = 15,
The critical value is z(α/2) = 2.58.
after putting these vales we obtain the margin of error value that is
E= 6.45