Jacque needs to buy some pizzas for a party at her office. She's ordering from a restaurant that charges a \$7.50$7.50dollar sig
1 answer:
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Answer:
$4.081
Step-by-step explanation:
We have been given that Melissa owns a credit card with a 8.9% APR. The balance after her last billing cycle was $550.
First of all, we will find period rate by dividing APR by 12 as 1 years equals 12 months.
The finance charge would be 0.74166% of $550.
Therefore, the finance charge would be $4.081.
Answer:
n=77
Step-by-step explanation:
Notation and definitions
or 2.5%, estimated proportion for decline in crop yield when no-till is used with residue retention and crop rotation
true population proportion for decline in crop yield when no-till is used with residue retention and crop rotation
n (variable of interest) represent the sample size required
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The population proportion have the following distribution
The margin of error for the proportion interval is given by this formula:
(a)
And on this case we have that or 3.5% and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 95% of confidence, our significance level would be given by and
. And the critical value would be given by:
And replacing into equation (b) the values from part a we got:
And rounded up we have that n=77