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ame: A survey conducted by Sallie Mae and Gallup of 1404 respondents found that 323 students paid for their education by stud
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Answer #1

1.)

media%2F70f%2F70fed3f2-b664-49dd-82a0-51

z = 1.64

n = 1404

p = 323/1404 = 0.23

1 - p = 0.77

p * (1-p) = 0.177

CI = 0.23 \pm 1.64 * \sqrt{}0.177 / 1404

CI = 0.23 \pm 0.0184

CI = (0.2115, 0.2484)

2.)

Here, z = 1.96 for 95% confidence level

n = 1898

p = 0.45

1 - p = 0.55

p * (1-p) = 0.2475

CI = 0.45 \pm 1.96 * \sqrt{}0.2475 / 1898

CI = 0.45 \pm 0.0223

CI = (0.4276, 0.4723)

3.)

2 e2

e = 2

\sigma = 4.33

z = 2.58

n = 6.6564 * 18.7489 / 4

n = 31.20004 = 31 ( approximately)

4.

n = 40

\bar{x} = 362

\sigma = 29.06

z = 2.58

Vn

Putting in above formula, we get

CI = 362 \pm 2.58*29.06 / \sqrt{} 40

CI = (350.145, 373.855)

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