L. Michael V. answered 11/25/20
Former Actuarial Analyst
For #1) the confidence interval is (0.49592, 0.53914).
For #2) the answer is at least 11 people are needed to ensure the margin of error is within $100
I would be happy to help you with the other problems as well and explain how I am getting these answers. Please schedule a tutoring session with me for one-on-one help.
L. Michael V.
Hi Mori...I could make myself available for a tutoring session. My email is lvesoulis at gmail and my phone number is 2fiveone 36seven 4eight8six03/13/21
Mori E.
Hi are you available for a tutoring session? how can I get in touch with you?03/13/21