Six hundred consumers belonging to the 25-34 age group were randomly selected in a city and were asked whether they would like to purchase a domestic or a foreign automobile.Their responses are given below. Develop a 95% confidence interval for the proportion of all such consumers who prefer to purchase domestic automobiles.
Whenever a statistical population can be described, at least roughly, by the perfectly symmetrical, bell-shaped normal curve, we can estimate the percentages of all population values that lie within specified numbers of standard deviations from the mean with the help of:
A) Tchebysheff's Theorem B) the empirical rule C) the interquartile range D) box plot E) none of these
An $8,000 demand loan at a fixed simple interest rate of 10.5% was advanced on May 10. A payment of $2,000 was made on July 15 and a final payment was made on Sept. 5. What was the size of the final payment?
A) $6,241.64 B) $6,243.92 C) $6,363.61 D) $6,151.89 E) $8,152.90