The present value of a perpetuity paying 1 every two years with first payment due immediately is 7.21 at an annual effective rate of i. Another perpetuity paying R every three years with the first payment due at the beginning of year two has the same present value at an annual effective rate of i + 0.01.
Calculate R.
(A) 1.23
(B) 1.56
(C) 1.60
(D) 1.74
(E) 1.94

Answers

Answer 1

Answer:

Step-by-step explanation:

image attached (representing first perpetuity on number line)

Present value is 7.21

[tex]7.21=\frac{1}{1-u^2} \\\\1-\frac{1}{7.21} =u^2\\\\\frac{6.21}{7.21} =(1+i)^{-2}\\\\(1+i)^2=\frac{7.21}{6.21} \\\\(i+1)=\sqrt{\frac{7.21}{6.21} }\\\\ i=\sqrt{\frac{7.21}{6.21} } -1\\\\=0.77511297[/tex]

image attached (representing second perpetuity on number line)

we have ,

[tex]7.21=\frac{Ru}{1-u^3}[/tex]

Here,

[tex]V=\frac{1}{1+i}[/tex]i

i = 0.077511297 + 0.01

[tex]\therefore V =\frac{1}{1.087511295} =(1.087511297)^-^1\\\\7.21=\frac{R(1.087511297)^-^1}{1-(1.087511297)^-^3} \\\\7.21=4.132664645R\\\\R=\frac{7.21}{4.132664645} \\\\R= 1.7446370\approx1.74[/tex]

Therefore, value of R is 1.74

The Present Value Of A Perpetuity Paying 1 Every Two Years With First Payment Due Immediately Is 7.21
The Present Value Of A Perpetuity Paying 1 Every Two Years With First Payment Due Immediately Is 7.21

Related Questions

Match each equivalent expression with the property that it represents.
Associative Property of Multiplication
3 + (5 + 7) = (3 + 5) + 7
Identity Property of Multiplication
3 + 5 = 5 + 3
Identity Property of Addition
5(1) = 5
Commutative Property of Addition
(3 + 5) + 0 = (3+5)
Associative Property of Addition
[ 3(5) (4) = (3) 5(4)]

Answers

Answer:

Associative Property of Multiplication: [ 3(5) (4) = (3) 5(4)]Identity Property of Multiplication: 5(1) = 5Identity Property of Addition: (3 + 5) + 0 = (3+5)Commutative Property of Addition: 3 + 5 = 5 + 3Associative Property of Addition: 3 + (5 + 7) = (3 + 5) + 7

Step-by-step explanation:

The associative property lets you move parentheses in a sum or product. That is, it doesn't matter which sum or product you compute first.

The commutative property lets you swap the order of operands in a sum or product.

The identity property says the operation using the identity element gives the original value, unchanged.

Answer:

Step-by-step explanation:

Can someone help me with this worksheet? Will give all my points.

Answers

Answer:

Here are the formulas

Cube/Rectangular Prism:

Volume = Length*width*height

Surface area = 2(wl+hl+hw)

Lateral area= Area of vertical faces

Base area = length*width

Regular hexagonal prism:

Volume : (3sqrt3/2)*a^2*h

Surface Area  = 6ah+3sqrt(3)a^2

lateral area: 6ah

base area = 3sqrt(3)s^2/2

Triangular prism

Volume: The volume of a triangular prism can be found by multiplying the base times the height.

Surface area: A triangular prism has three rectangular sides and two triangular faces. To find the area of the rectangular sides, use the formula A = lw, where A = area, l = length, and h = height. To find the area of the triangular faces, use the formula A = 1/2bh, where A = area, b = base, and h = height.

Etc.

New York City is known for it's tourist attractions and high priced real estate. The mean hotel room rate is $202 per night. Assume that the room rates are normally distributed with a standard deviation of $70.What is the probability that a hotel room costs between $210 and $290?

Answers

Answer:

[tex]P(210<X<290)=P(\frac{210-\mu}{\sigma}<\frac{X-\mu}{\sigma}<\frac{290-\mu}{\sigma})=P(\frac{210-202}{70}<Z<\frac{290-202}{70})=P(0.114<z<1.26)[/tex]

And we can find this probability with this difference

[tex]P(0.114<z<1.26)=P(z<1.26)-P(z<0.114)[/tex]

And we can find the difference with the normal standard distirbution or excel:

[tex]P(0.114<z<1.26)=P(z<1.26)-P(z<0.114)=0.896-0.545=0.351[/tex]

Step-by-step explanation:

Let X the random variable that represent the hotel room cost of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(202,70)[/tex]  

Where [tex]\mu=202[/tex] and [tex]\sigma=70[/tex]

We are interested on this probability

[tex]P(210<X<290)[/tex]

The z score formula is given by:

[tex]z=\frac{x-\mu}{\sigma}[/tex]

Using the formula we got:

[tex]P(210<X<290)=P(\frac{210-\mu}{\sigma}<\frac{X-\mu}{\sigma}<\frac{290-\mu}{\sigma})=P(\frac{210-202}{70}<Z<\frac{290-202}{70})=P(0.114<z<1.26)[/tex]

And we can find this probability with this difference

[tex]P(0.114<z<1.26)=P(z<1.26)-P(z<0.114)[/tex]

And we can find the difference with the normal standard distirbution or excel:

[tex]P(0.114<z<1.26)=P(z<1.26)-P(z<0.114)=0.896-0.545=0.351[/tex]

A delivery truck is transporting boxes of two sizes: large and small. The large boxes weigh 50 pounds each, and the small boxes weigh 35 pounds each. There are 115 boxes in all. If the truck is carrying a total of 5000 pounds in boxes, how many of each type of box is it carrying?

Answers

Answer:

Step-by-step explanation:

First, "boxes of two sizes" means we can assign variables:

  Let x = number of large boxes

       y = number of small boxes

 

 "There are 115 boxes in all"    means    x + y = 115      [eq1]

 

Now, the pounds for each kind of box is:

    (pounds per box)*(number of boxes)

 

So,

  pounds for large boxes     +    pounds for small boxes      =    4125 pounds

                 "the truck is carrying a total of 4125 pounds in boxes"

 

        (50)*(x)                   +              (25)*(y)                  = 4125    [eq2]

 

It is important to find two equations so we can solve for two variables.

 

Solve for one of the variables in eq1 then replace (substitute) the expression for that variable in eq2.  Let's solve for x:

   x = 115 - y          [from eq1]

 

    50(115-y) + 25y = 4125             [from eq2]

     5750 - 50y  + 25y = 4125           [distribute]

     5750 - 25y = 4125

      -25y = -1625

         y = 65             [divide both sides by (-25)]

 

 There are 65 small boxes.

 

Put that value into either equation (now, which is easier?) to solve for x:

  x = 115 - y

  x = 115 - 65

  x = 50

 

  There are 50 large boxes.

 

Check (very important):

 

Is   50+65 = 115   ?       [eq1]

         115 = 115   ?yes

Is  50(50) + 25(65) = 4125   ?

     2500 + 1625 = 4125   ?

       4125 = 4125   ? ye


Determine 6m 9m how much greater the area of the yellow rectangle is than the area of the gree rectangle 2m 5m

Answers

Step-by-step explanation:

multiple 6 by 9 then 2 by 5 then subtract them

Answer:

44

Step-by-step explanation:

(6*9) - (2*5)

54 - 10

44

HELP ME QUICK!! The best answer I will mark brainlest!

Answers

Answer: 1. (4, 8); 2. (3, 4)

Step-by-step explanation: I tried to get this to you fast but I can give you an explaination if you would like one :)

What is a word problem for 15 minus 28?

Answers

Answer:

A word problem for that would be Sam had 28 chocolates and Bob took away 15. How many does Sam have left?

Step-by-step explanation:

I don't know how to show work for writing a word problem. Sorry

Answer:

Step-by-step explanation:

Jane has $15 in her bank account. She wrote a $28 check for buying a fiction book. How much is her balance now?

In a survey of students, 60% were in high school and 40% were in middle school. Of the high school students, 30% had visited a foreign country. If a surveyed student is selected at random, what is the probability that the student is in high school and has visited a foreign country?

Answers

Answer:

The probability that the student is in high school and has visited a foreign country is 0.18.

Step-by-step explanation:

We are given that in a survey of students, 60% were in high school and 40% were in middle school.

Of the high school students, 30% had visited a foreign country.

Let the Probability that students were in high school = P(H) = 60%

Probability that students were in middle school = P(M) = 40%

Also, let F = event that students had had visited a foreign country

So, Probability that high school students had visited a foreign country = P(F/H) = 30%

Now, probability that the student is in high school and has visited a foreign country is given by = Probability that students were in high school [tex]\times[/tex] Probability that high school students had visited a foreign country  

            =  P(H)  [tex]\times[/tex]  P(F/H)

            =  0.60  [tex]\times[/tex]  0.30

            =  0.18 or 18%

Find the population mean or sample mean as indicated.
Sample: 17, 11, 8, 12, 22

Answers

Answer:

mean:12

Step-by-step explanation:

The population mean or sample mean as indicated in the given samples is 14

What is mean?

A mean in math is the average of a data set, found by adding all numbers together and then dividing the sum of the numbers by the number of numbers.

Mathematically,

Mean = Sum of the observations/number of observations

Now the given sample is,

17, 11, 8, 12, 22

So, Number of sample = 5

Thus, Mean = Sum of the sample /number of sample

Mean = (17 + 11 + 8 + 12 + 22) / 5

⇒ Mean = 70/5

⇒ Mean = 14

Thus, the population mean or sample mean as indicated in the given samples is 14

To learn more about mean :

https://brainly.com/question/21479395

#SPJ2

There is a bag with only milk and dark chocolates.
The probability of randomly choosing a dark chocolate is
2/9.
There are 24 dark chocolates in the bag and each is equally likely to be chosen.
Work out how many milk chocolates there must be.

Answers

Answer:

80 milk chocolates

Step-by-step explanation:

Probability of choosing a dark chocolate= number of dark

chocolate/number of total

chocolate

But the probability of choosing dark chocolate= 2/9

The number of dark chocolate= 24

Total chocolate= number of dark

chocolate/probability

of choosing dark

chocolate

Total chocolate= 24/(2/9)

Total chocolate=( 24*9)/2

Total chocolate= 108

Number of milk chocolate= total- dark

Number of milk chocolate

= 108-28

= 80

what is 2043.666666 rounded to 2 decimal places

Answers

Answer:

[tex]2043.67[/tex]

Step-by-step explanation:

Hundredths is at 2 decimal places.

The thousandths place is higher than 5, so add 1 to the hundredths place.

Answer:

2043.67

Step-by-step explanation:

If you’ve ever rounded a number, you would know that if it’s 5 or higher, round it up, and if it’s 4 or lower, round it down. In this case, the second decimal place reads ’6’ which is higher that 5, so we round up. The rest of the numbers stay the same

2043.67

Write a quadratic function f whose zeros are −6 and −1.

Answers

F(X)=(X+6)(X+1)=0 That’s all!!!

Answer:

y = (x+6) (x+1) or in quadratic form: y = x² + 7x + 6

Step-by-step explanation:

For which x is f(x)?=-3
-7
-4
4
5

Answers

Answer:

B.

✔ -4

Step-by-step explanation:

E 2021

22,056 people went to the baseball game on Sunday. Half as many people came on money. How many people were at the baseball game on Sunday and Monday altogether?

Answers

Answer:

33084

Step-by-step explanation:

22056 divided by 2 =11028

altogether (on sunday and monday) the total amount would be..

22056+11028=33084

Answer:

33084

Step-by-step explanation:

If 22056 people came to the game on Sunday and Half as many people came on Monday, you do

22056 divided by 2. this is how many people cam on monday

Add this answer to 22056 and this is how many people came on both days.

Plz help me :(

Prove for any value of y the value of expression y^4−(y^2−9)(y^2+9) is divisible by 9.

Answers

PROOF:

[tex]y^4-(y^2-9)(y^2+9)\\=y^4 -(y^4-81)\\=y^4-y^4+81\\=81[/tex]

And 81 is ALWAYS divisible by 9

Answer:

Its 9*9

Step-by-step explanation:

The equation equals 81 and 9*9=81.

Have a great day! :)

4 ounces for every 16 ounces. Rate or ratio and in simplest form

Answers

4 for 16 would be written as 4/16.

Dividing both numbers by 4 it is simplified to 1/4

4 ounces for every 16 ounces can be written as:

[tex]\displaystyle \frac{4}{16} =\frac{1}{4}[/tex]

As a ratio, it can be expressed as:

[tex]1:4[/tex]

76,80,88,95,100,101,? Which number comes next in this sequence?

Answers

Answer:

112

Step-by-step explanation:

Difference between each 4,8,7,5,1

Add numbers next to each other in pairs = 12

So 12-1= 11 and

101+11=112

An individual closes out help desk tickets at a rate of 4 tickets per hour for h hours. Write an equation that expresses the situation, let x be the independent variable and y be the dependent variable

Answers

Answer:

y=4x

Step-by-step explanation:

an independent variable is the variable  that is changed or controlled in an experiment or observation to test the effects on the dependent variable

a dependent variable is variable being tested and measured in a scientific experiment

in this case, the number of help desk tickets  closed out is dependent on the number of hours the individual works so y is the number of tickets closed (dependent variable). The number of tickets closed of will be 4 multiplied by the number of hours worked i.e. y=4x

What’s the correct answer for this?

Answers

Answer:

D.

Step-by-step explanation:

Since opposite angles of a quadrilateral inscribes in a circle add up to 180°

So,

<P + <N = 180°

2x+2x-12 = 180°

4x = 180+12

4x = 192

Dividing both sides by 4

x = 48

Now

<P = 2(48)

<P = 96

Now

<N = 2(48)-12

<N = 96-12

<N = 84

Use the table of values to find the line of regression and if justified at the 0.05 significance level, use it to find the predicted quality score of a TV set with a price of $1900. If the data does not suggest linear correlation, then use the average quality score as a prediction.
Price: 2,300, 1,800, 2,500, 2,700, 2,000, 1,700, 1,500, 2,700
Quality Score: 74, 73, 70, 66, 63, 62, 52, 68

Answers

Answer:

Step-by-step explanation:

no          x                y                   xy                               x²

1           2300         74             170200                      5290000

2          1800          73             131400                      3240000

3          2500         70             175000                     6250000

4          2700         66             178200                     7290000

5          2000         63             126000                     4000000

6          1700          62             105400                     2890000

7           1500         52              78000                      2250000

8           2700        68              183600                    7290000

Total   17200         528           1147800                   38500000

Mean of x is

[tex]\bar x = \frac{17200}{8} =2150[/tex]

Mean of y is

[tex]\bar y = \frac{528}{8} =66[/tex]

From the table above

we find [tex]\hat B_1[/tex]

[tex]\hat B_1=\frac{\sum xy- \bar x \sum y}{\sum x^2- n \barx^2} \\\\=\frac{1147800-2150(528)}{38500000-8(2150)^2} \\\\=\frac{1147800-1135200}{38500000-36980000} \\\\=\frac{12600}{1520000} \\\\=0.008289[/tex]

so [tex]\hat b_0[/tex] is

[tex]\hat b_0=\bar y-\bar B_1 x\\\\=66-0.008289(2150)\\\\=66-17.82135\\\\=48.17865[/tex]

The line of regression is

The price x is 1900

[tex]\hat y =\hat B_0+\hat B_1x\\\\=48.17865+0.008289\times1900\\\\=48.17865+15.7491\\\\=63.928[/tex]

The line of regression is 63.928

Answer:

y=48.2+0.00829x;64

Step-by-step explanation:

6(4x - 3) - 30
24x - 18 = 30
24% -18 + 18 = 30 + 18
24x = 48
24x 48
24 24
X = 2
Original Equation
Step 1
Step 2
Step 3
Step 4
Step 5
Which of these is not part of the solution process?
A. Using the associative property
B. Adding 18 to both sides to isolate the variable term
C. Dividing both sides by 24 to isolate the variable
D. Using the distributive property

Answers

Answer:

A-using the associative property

Step-by-step explanation:

Suppose that y = 5 x plus 4 and it is required that y be within 0.005 units of 8. For what values of x will this be​ true?

Answers

Answer:

so we have an inequality for y -

7.995<y<8.005

Then now we need in inequality for x

(y-4)/5 = x

so that means that so if we have (7.995-4)/5 we get 3.995/5 = 7.99

so we have our first 7.99<x<b

Now we solve for b

So that means that 5.005/5 = 1.001

since we are changing it we switch our signs

from 7.99<x<1.001

we do 7.99>x>1.001

therefore

1.001<x<7.99

Answer:

0.795 [tex]\leq[/tex] y [tex]\leq[/tex] 0.805

Step-by-step explanation:

8 = 5x + 4

5x = 4

x = 4/5 or 0.800

therefore 0.800 + .005 and 0.800 - .005 =

0.795 [tex]\leq[/tex] y [tex]\leq[/tex] 0.805

There are 1760 yards in one mile about how many miles will a runner have to run

Answers

Answer:

3

I used to be an olimpic runner and I ran the 400 all the time and I did cross country

Suppose that a random sample of size 36 is to be selected from a population with mean 50 and standard deviation 7. What is the approximate probability that X will be within .5 of the population mean

Answers

Answer:

Step-by-step explanation:

Let us assume that x is normally distributed. The sample size is greater than 30. Since the the population mean and population standard deviation are known, we would apply the formula,

z = (x - µ)/(σ/√n)

Where

x = sample mean

µ = population mean

σ = standard deviation

n = number of samples

From the information given,

µ = 50

σ = 7

n = 36

If x is within 0.5 of the population mean, it means that x is between (50 - 0.5) and (50 + 0.5)

the probability is expressed as

P(49.5 ≤ x ≤ 50.5)

For x = 49.5

z = (49.5 - 50)/(7/√36) = - 0.43

Looking at the normal distribution table, the probability corresponding to the z score is 0.334

For x = 49.5

z = (50.5 - 50)/(7/√36) = 0.43

Looking at the normal distribution table, the probability corresponding to the z score is 0.666

Therefore,

P(49.5 ≤ x ≤ 50.5) = 0.666 - 0.334 = 0.332

Consider the following set of sample data.
18 26 30 42 50 52 52 76 78 84
For the given data, the mean is_______, the median is________, and the mode is_______.
Suppose the value 76 in the data is mistakenly recorded as 55 instead of 76. For the sample with this error, the mean is_________, the median is______, and the mode is_______. The mean_____, the median_______, and the mode______. Suppose the value 76 in the original sample is inadvertently removed from the sample. For the sample with this value removed, the mean is_______, the median is_______, and the mode is________. The mean_________, the median_______, and the mode________.

Answers

Answer:

For the given data, the mean is 50.8, the median is 51, and the mode is 52.

For the sample with this error, the mean is 48.7, the median is 51, and the mode is 52.

For the sample with this value removed, the mean is 43.2, the median is 50, and the mode is 52.

Step-by-step explanation:

We are given the following set of sample data below;

18, 26, 30, 42, 50, 52, 52, 76, 78, 84.

The formula for calculating mean is given by;

         Mean  =  [tex]\frac{\text{Sum of all data values}}{\text{Total number of observations}}[/tex]

                     =  [tex]\frac{18+ 26+ 30+ 42+ 50+ 52+ 52+ 76+ 78+ 84}{10}[/tex]  

                     =  [tex]\frac{508}{10}[/tex]  =  50.8

For calculating median, we have to observe that the number of observations (n) in our data is even or odd, i.e;

If n is odd, then the formula for calculating median is given by;

                    Median  =  [tex](\frac{n+1}{2})^{th} \text{ obs.}[/tex]

If n is even, then the formula for calculating median is given by;

                    Median  =  [tex]\frac{(\frac{n}{2})^{th}\text{ obs.} +(\frac{n}{2}+1)^{th}\text{ obs.} }{2}[/tex]

Now, here in our data the number of observations is even, i.e. n = 10.

So, Median  =  [tex]\frac{(\frac{n}{2})^{th}\text{ obs.} +(\frac{n}{2}+1)^{th}\text{ obs.} }{2}[/tex]

                    =  [tex]\frac{(\frac{10}{2})^{th}\text{ obs.} +(\frac{10}{2}+1)^{th}\text{ obs.} }{2}[/tex]

                    =  [tex]\frac{5^{th}\text{ obs.} +6^{th}\text{ obs.} }{2}[/tex]

                    =  [tex]\frac{50+52 }{2}[/tex]  =  51

A Mode is a value that appears the maximum number of times in our data.

In our data, the value 52 is appera]ing maximum number of times, i.e. 2 times which means that mode of our data is 52.

Now, suppose the value 76 in the data is mistakenly recorded as 55 instead of 76. For the sample with this error,

Mean will be changed as value has been changed.

            New Mean  =   [tex]\frac{18+ 26+ 30+ 42+ 50+ 52+ 52+ 55+ 78+ 84}{10}[/tex]  

                                =  [tex]\frac{487}{10}[/tex]  =  48.7

There will be no change in median because there is no change in the 5th and 6th observation of the data.

Also, there will be no change in mode as stiil 52 appears maximum number of times in our data.

Now, suppose the value 76 in the original sample is inadvertently removed from the sample. For the sample with this value removed,

Mean will be changed as value has been removed from data.

            New Mean  =   [tex]\frac{18+ 26+ 30+ 42+ 50+ 52+ 52+ 78+ 84}{9}[/tex]  

                                =  [tex]\frac{432}{10}[/tex]  =  43.2

Median will also get changed because the number of observation is now odd, i.e. n = 9

            So, Median  =  [tex](\frac{n+1}{2})^{th} \text{ obs.}[/tex]

                                 =  [tex](\frac{9+1}{2})^{th} \text{ obs.}[/tex]

                                 =  [tex]5^{th} \text{ obs.}[/tex] = 50

Also, there will be no change in mode as stiil 52 appears maximum number of times in our data.

Erin has previously recorded all credit card activity manually using the Expense transaction screen and reconciled the account using the Reconciliation Tool. After connecting her credit card in the Banking Center, she doesn’t see any matches for the transactions she previously entered and reconciled.

Answers

Answer:

The steps Erin has to take for the reconciliation of her account and activities is as follows: Select the reconciled transactions, Select Batch actions, and Modify the selected ones.

Step-by-step explanation:

Solution

Since Erin could not detect any matches for the transactions she has entered before and enrolled, she needs to take the following processes to reconcile back all her credit activities which is stated below:

Process 1 :Select the reconciled transactions

Process 2 :Batch Actions

Process 3: Modify Selected

From the process stated above Erin can first of all choose the reconciled transactions, after that she can select the batch actions and lastly modify the ones that was selected with the aim of putting or adding them back in the account reconciliation.



Daniel deposits $300 into an account that earns 16% interest annually. Which equation can be used to model his account balance, y, after x years?

Answers

Answer:

[tex]y=300(1+0.16)^x[/tex]

Step-by-step explanation:

This account  can be  modeled using the compound interest formula.the compound interest formula is expressed as

 [tex]A= P(1+r )^t[/tex]

Where

A =final amount  = y

P=initial principal balance = $300

r=interest rate  = 16%= 0.16

t=number of time periods elapsed= x

Hence the equation to model his account balance/ final amount A (y) after time (x) years is

[tex]y=300(1+0.16)^x[/tex]

Tameka can make 32 beads with 4 sheets of paper. Right now she only has 3 sheets of paper. How many beads can Tameka make?

Answers

Answer:

24 beads

Step-by-step explanation:

beads in 4 sheet=32

beads in 1 sheet=32/4=8

beads in 3 sheet=8*3=24

Answer:

Assuming that you can make the same number of beads with 1 sheet of paper, Tameka can make 24 beads with 3 sheets of paper.

Which solution set is graphed on the number line?
1
4
x>1
0 x > 1
Ox<1
X31​

Answers

Answer:

4

Step-by-step explanation:

ur welcome hopefully this helps

A Pew Research study of 4726 randomly selected U.S. adults regarding scientific human enhancements, found that approximately 69% of the sample stated that they were worried about brain chip implants being used for improving cognitive abilities.

Required:
a. Show that the necessary conditions (Randomization Condition, 10% Condition, Sample Size Condition) are satisfied to construct a confidence interval. Briefly explain how each condition is satisfied.
b. Find the 90% confidence interval for the proportion of all U.S. adults that are worried about brain chip implants used for improving cognitive abilities.
(To show your work: Write down what values you are entering into the confidence interval calculator.)
c. Briefly describe the meaning of your interval from part (b).

Answers

Answer:

a)Randomization condition: Satisfied, as the subjects were randomly selected.

10% condition: Satisfied, as the sample size is less than 10% of the population (U.S. adults).

Sample size condition: Satisfied, as the product between the smaller proportion and the sample size is bigger than 10.

b) The 90% confidence interval for the population proportion is (0.68, 0.70).

Step-by-step explanation:

a) Evaluating the necessary conditions:

Randomization condition: Satisfied, as the subjects were randomly selected.

10% condition: Satisfied, as the sample size is less than 10% of the population (U.S. adults).

Sample size condition: Satisfied, as the product between the smaller proportion and the sample size is bigger than 10.

[tex]n(1-p)=4,726\cdot (1-0.69)=4,726\cdot 0.31=1,465>10[/tex]

b) We have to calculate a 90% confidence interval for the proportion.

The sample proportion is p=0.69.

 

The standard error of the proportion is:

[tex]\sigma_p=\sqrt{\dfrac{p(1-p)}{n}}=\sqrt{\dfrac{0.69*0.31}{4726}}\\\\\\ \sigma_p=\sqrt{0.000045}=0.007[/tex]

The critical z-value for a 90% confidence interval is z=1.645.

The margin of error (MOE) can be calculated as:

[tex]MOE=z\cdot \sigma_p=1.645 \cdot 0.007=0.01[/tex]

Then, the lower and upper bounds of the confidence interval are:

[tex]LL=p-z \cdot \sigma_p = 0.69-0.01=0.68\\\\UL=p+z \cdot \sigma_p = 0.69+0.011=0.70[/tex]

The 90% confidence interval for the population proportion is (0.68, 0.70).

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