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2 years ago

An 8 foot length of 4 inch wide crown molding costs $16. How much will it cost to buy 40 feet of crown molding?

1 answer:

6 0

Converting feet to inches, 8*12=96 and 96*4=384. Next, 40*12=480. Since 384*x (if x represents the cost per inch of crown molding)=16*100=1600 cents due to that for every inch, we add x amount of money, we can find x to be 1600/384=800/192=400/96=200/48=100/24=50/12=25/6 by simply dividing both the numerator and denominator by 2 each time. Since we add x amount of money for every inch, and we have 480 inches, 480*x=480*25/6=2000 cents=2000/100=20 dollars is our answer

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Step-by-step explanation:

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We have to calculate a 95% confidence interval for the proportion.

The sample proportion is p=0.26.

The standard error of the proportion is:

$\sigma_p=\sqrt{\dfrac{p(1-p)}{n}}=\sqrt{\dfrac{0.26*0.74}{160}}\\\\\\ \sigma_p=\sqrt{0.0012}=0.0347$

The critical z-value for a 95% confidence interval is z=1.96.

The margin of error (MOE) can be calculated as:

$MOE=z\cdot \sigma_p=1.96 \cdot 0.0347=0.068$

Then, the lower and upper bounds of the confidence interval are:

$LL=p-z \cdot \sigma_p = 0.26-0.068=0.192\\\\UL=p+z \cdot \sigma_p = 0.26+0.068=0.328$

The 95% confidence interval for the population proportion is (0.192, 0.328).

We can claim with 95% confidence that the proportion of executives that prefer trucks is between 19.2% and 32.8%.

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