Bart opened a credit card at a department store with an APR of 19.99% compounded monthly. What is the APY on this credit card? (
1 answer:
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Answer:
The 95% confidence interval for the proportion of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694)
Step-by-step explanation:
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:
95% 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:
The 95% confidence interval for the proportion of all shoppers during the year whose visit was because of a coupon they'd received in the mail is (0.2016, 0.2694)