Suppose 49% of the population has a retirement account. If a random sample of size 896 is selected, what is the probability that the proportion of persons with a retirement account will differ from the population proportion by less than 3%?

Answers

Answer 1

Answer:

The probability is  [tex]P( |\^ p - p | < 0.03 ) = 0.9275[/tex]

Step-by-step explanation:

From the question we are told that

  The population proportion is  [tex]p = 0.49[/tex]

  The sample size is  n = 896

 Generally the standard deviation  of the sampling distribution is mathematically represented as

     [tex]\sigma_{p} = \sqrt{ \frac{p(1 -p )}{n} }[/tex]

=>  [tex]\sigma_{p} = \sqrt{ \frac{0.49(1 -0.49 )}{896} }[/tex]

=>  [tex]\sigma_{p} = 0.0167[/tex]

   Generally the the probability that the proportion of persons with a retirement account will differ from the population proportion by less than 3% is mathematically represented as

    [tex]P( |\^ p - p | < 0.03 ) = P( \frac{ | \^ p - p|}{\sigma_p } < \frac{0.03}{0.0167} )[/tex]

[tex]\frac{|\^ p - p |}{\sigma_p }  =  |Z| (The  \ standardized \  value\  of  \ |\^p - p| )[/tex]

=> [tex]P( |\^ p - p | < 0.03 ) = P(|Z| < 1.796 )[/tex]

=>  [tex]P( |\^ p - p | < 0.03 ) = P(- 1.796 < Z < 1.796 )[/tex]

=>   [tex]P( |\^ p - p | < 0.03 ) = P(1.796 < Z) - P(Z < -1.796 )[/tex]

From the z table  the area under the normal curve to the left corresponding to  1.796 and  - 1.796  is  

     [tex]P(Z < -1.796 ) = 0.036247[/tex]

    [tex]P(1.796 < Z) = 0.96375[/tex]

So

    [tex]P( |\^ p - p | < 0.03 ) = 0.96375 - 0.036247[/tex]

=>  [tex]P( |\^ p - p | < 0.03 ) = 0.9275[/tex]

   


Related Questions

I did part A (optional: correct me if i did any wrong on part A). I do not understand part B. Explanation and answer please

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Answer:

   

Step-by-step explanation:

A junior high girls' basketball team is to consist of 5 players. How many different teams can the manager select from a roster of 12 girls?

Answers

since each team has 5 players he can make 2 teams
Two teams is the answer

1. Ernie earns $17 per hour tutoring student-athletes at Brooklyn University. a. If Ernie tutored for 12 hours this month, how much money did he earn?​

Answers

Answer:

$17 * 12 hrs = 204

Step-by-step explanation:

rename 3.5 as a mixed number​

Answers

Answer:

3 1/2

Step-by-step explanation:

.5 equals one half or 1/2

3.5 equals 3 1/2

Answer:

3 ½

Step-by-step explanation:

when you convert your decimal to a mixed number it is the easiest to find a common value of it. if you take ½ and turn it into a decimal it would be .5 or 50/100. its all about finding the lowest common denominator

Solve the inequality -3/4x + 6 > -3.

Answers

Your answer would be x<12
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Jim’s backyard is rectangular with dimensions of 75 feet by 120 feet. He is planning to designate part of the yard to plant a vegetable garden. The garden will be a similar rectangle, using a scale factor of 2/5. How much fencing will he need if he wants to enclose the garden on all four sides?

Answers

Answer:

He will need 99  feet of fence.

Step-by-step explanation:

Jim's back yard has the following dimensions;

Length=120 feet

Width=75 feet

The gardens dimensions can be calculated using the expression;

Length of garden=Length of back yard/scale factor

where;

Length of back yard=120 feet

Scale factor=2/5

replacing;

Length of garden=120/2/5

Length of garden=12 feet

Width of garden=Width of back yard/scale factor

where;

Width of back yard=75 feet

Scale factor=2/5

replacing;

Width of garden=75/2/5

Width of garden=37.5 feet

The gardens dimension are;

Garden width=37.5 feet

Garden length=12 feet

To get the length of the fence that will enclose all four sides, we calculate the perimeter of the garden;

Perimeter=2(length+width)

Perimeter=2(12+37.5)=99 feet

He will need 99 feet of fence

Answer:

he will need 99 feet to fence

Step-by-step explanation:

Jim's back yard has the following dimensions;

Length=120 feet

Width=75 feet

The gardens dimensions can be calculated using the expression;

Length of garden=Length of back yard/scale factor

where;

Length of back yard=120 feet

Scale factor=2/5

replacing;

Length of garden=120/2/5

Length of garden=12 feet

Width of garden=Width of back yard/scale factor

where;

Width of back yard=75 feet

Scale factor=2/5

replacing;

Width of garden=75/2/5

Width of garden=37.5 feet

The gardens dimension are;

Garden width=37.5 feet

Garden length=12 feet

To get the length of the fence that will enclose all four sides, we calculate the perimeter of the garden;

Perimeter=2(length+width)

Perimeter=2(12+37.5)=99 feet

He will need 99 feet of fence

Is 30 miles per hour a ratio?

Answers

Answer:

Yes, it is a ratio of miles to hours. (30 miles per 1 hour) 30:1

Step-by-step explanation:

Answer:

Yes

Step-by-step explanation: It's a ratio because you can frame it like "For every hour you _____ 30 miles."

Suppose you are playing a game of Uno and you must draw two cards from the deck. An Uno deck contains
108 cards. What is the probability that you draw a Skip card or a seven? There are 8 possible chances of
drawing a Skip card and 2 chances of drawing a seven.

Answers

Answer:

hatdog jdudhsisbsn

Step-by-step explanation:

jsysvysbd

Answer:

Explanation:

P(skip or seven) = P(skip) + P(seven)

P(skip) = 8/108
P(seven) = 2/108

P(skip or seven) = 8/108 + 2/108
P(skip or seven) = 10/108 = 5/54

Therefore, the probability of drawing a skip or a seven is 5/54

Using the graph below determine the slopes of the lines in simplest form.

AB = __________
CD = __________
EF = __________
GH = __________

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Answers

Answer:AB= -4/3

CD=6/2

EF=Zero

GH=4/6

Step-by-step explanation:

ok  rise/run

Let f(x) = 2x2 + x − 3 and g(x) = x − 1. Find f(x) • g(x).

Answers

Answer:

Simply place the f(x) polynomial over g(x) to get the f(x) / g(x) result. Since polynomials have an infinite domain, the only gap you will get comes from the denominator equaling zero. That happens when:

X - 1 = 0

   +1    +1

   X   = 1

So the domain is: D: X≠ 1

What is mZSVT?
Enter your answer in the box.

Answers

Answer:

The measure of ∠SVT is 79°

Step-by-step explanation:

In the given figure

∵ US ∩ RT at V

∴ ∠SVT and ∠UVR are vertically opposite angles

∵ The vertically opposite angles are equal in measures

m∠SVT = m∠UVR

∵ m∠SVT = (5y + 9)°

∵ m∠UVR = (8y - 33)°

→ Equate them

8y - 33 = 5y + 9

→ Add 33 to both sides

∴ 8y - 33 + 33 = 5y + 9 + 33

∴ 8y = 5y + 42

→ Subtract 5y from both sides

∴ 8y - 5y = 5y - 5y + 42

∴ 3y = 42

→ Divide both sides by 3

∵ [tex]\frac{3y}{3}[/tex] = [tex]\frac{42}{3}[/tex]

y = 14

→ Substitute the value of y in the measure of ∠SVT

∵ m∠SVT = 5(14) + 9

∴ m∠SVT = 70 + 9

∴ m∠SVT = 79°

The measure of ∠SVT is 79°

What is the domain of the function y=3/x?
O
-00 O 0 0 1

Answers

Answer: Choice A)  [tex]-\infty < x < \infty[/tex]

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Answers

Answer:

9

Step-by-step explanation:

9 because the steps show how to add u dummy

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Answers

Answer:

Ratio of girls to total number of students: 4:12

Step-by-step explanation:

There are four girls, and eight boys.

In all there are 12 students.

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I would confirm that it’s 4:12 same answer like on imagine math !

Which of the following points lie in the solution set to the following system of inequalities?
y > -3x + 3
y > x + 2
(2,5)
(2,-5)
(-2,-5)
(-2,5)

Answers

Answer:

not (2,-5)

Step-by-step explanation:

Brandon owes his brother $100. He will repay his brother $5 each week. Which expression gives the amount in dollars Brandon will still owe his brother after n weeks?

A - 5−100n
B - 100−5n
C - 5n−100
D - 100n−5

Answers

it’s b because n equals weeks so after the first week he has given back five dollars because 5 time 1 is 5.

Answer:

B 100-5n

Step-by-step explanation:

Always glad to help.

Solve for z. –z + 4= -4

Answers

Answer:

-z+4=-4

Step-by-step explanation:

First, you want to move the positive four to the other side to isolate the variable.

-z=-8

You cannot have a negative variable, so divide both sides by 1.

-z/1=-8/1

Your answer would be:

Z=8

Hope this helps!!

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Answer:

Yes because you will still be able to get a Number that will verify.

Step-by-step explanation:

Answer:

You can't predict if they will be less than or greater than either factors because it isn't given if those decimals are positive or negative numbers, and it doesn't state if we should round them.

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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range all real numbers

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Answers

Answer:

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Step-by-step explanation:

16:y-2=4(x+3) distribute 4 and get y-2=4x-12. Add 2 to both sides to get y-4x+14.

17:x+2y=4 and 3x+6y=? divide 3x+6y by three and you get x+2y=4. This means you can just multiply the 4 by 3 to get the answer.

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Lin read for x minutes, and Elena read for 5/8 more than that. Write an expression for the number of minutes Elena read. Only use decimals in your expression.

Answers

Answer:

Step-by-step explanation:

Number of minutes Elena read = x + 0.625

27% of 140 =
Blank% of 500 = 90
32% of Blank = 8

Help meeeee

Answers

the first one is 10.8 that’s all i know tho sorry

How many ways can 10 books be arranged on a shelf? ​

Answers

Place them horizontally or vertically

HELP!!!
Drag and drop each number in the correct box to order the numbers from least to greatest.

The numbers from least to greatest are:


Answers

Answer:

Least to greatest: -40, -11, -1, 18, 38, 55, 64

Can somebody answer this math question I’m lost

Answers

Answer: 2x+5
Have an amazing rest of your day

6th grade math I mark as brainliest

Answers

Answer:

The answer is 0.36 Hope this helped and plz mark brainliest

Step-by-step explanation:

0.6 times 0.6=0.36

Which type of transformation is shown?
•Dilation
•Rotation
•Translation
•Reflection
!! WILL GIVE BRAINLIEST !!

Answers

Answer:

Rotation

Step-by-step explanation:

Answer:

rotation

Step-by-step explanation:

8. Solve the equation. Check your solution, if possible.
y - 12 = 9

Answers

Answer:

21

Step-by-step explanation:

Just reverse the problem.

y - 12 = 9

y = 12 + 9

y = 21

SECTION A
1. The perimeter of a pallalelogram is 38cm. If one of the aide is 12 cm. Find
other side (a) 7cm (b) 9cm (c) 13cm 76
2.​

Answers

Answer:

(a)

Step-by-step explanation:

since a parallelogram has atleast 2 equal sides, we take the 12cm and double it. That equals 24cm. So, 38cm take away 24cm equals 14cm. And since a parallelogram has 4 sides we half 14cm, which gives us 7cm.

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