Jocelyn is considering taking out one of the two following loans. Loan H is a three-year loan with a principal of $5,650 and an
2 answers:
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Answer:
The standard error of the proportion is 0.0367.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For a proportion p in a sample of size n, the standard error is
In this question:
So
The standard error of the proportion is 0.0367.
Let's say
a = 215,658
ok... so.. he first lost 1/3 of that
so, his nickname might just be even steven, because, he ended up with the same original amount after the 1/2 bump.
a = 215,658
ok... so.. he first lost 1/3 of that
so, his nickname might just be even steven, because, he ended up with the same original amount after the 1/2 bump.