Marvin used the money he received from high school graduation gifts to start a new savings account with a simple interest rate of 7. 5%. After 12 years, the account had earned $288. If there were no other deposits or withdrawals, what was the original amount placed in the account?

Answers

Answer 1

The original amount placed in the account is $320.

What is simple interest ?

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

The simplest way to compute interest is as a percentage of the principal. For instance, if you borrow $100 from a friend and agree to pay back the money with 5% interest, the interest you would have to pay would simply be 5% of $100, or $5.

Simple Interest is the amount repaid for using the borrowed funds over a predetermined amount of time.

The interest earned is calculated as follows:

I = P*r*t

Where:

I = Interest

P = initial principal balance

r = interest rate

t = time

Marvin is saving money in a savings account with a simple interest rate of r=7.5%=0.075. It's known that after t=12 years, the account had earned $288 interest.

Substituting in the formula:

288 = P*0.075*12

Calculating:

288 = 0.9P

Dividing by 0.9:

P = $320

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Related Questions

Which of the following lists of ordered pairs is a function?

Answers

Answer:

C is a function

Step-by-step explanation:

for a relation to be a function each value of x must map to exactly one unique value of y

A

2 → 5 and 2 → 2 ← not a function

B

- 1 → 6 and - 1 → 7 ← not a function

C

all values of x map to exactly one unique y ← function

D

3 → 1 and 3 → 2 ← not a function

Which mixed number is equal to 35

Answers

Answer:

35 [tex]\frac{0}{1}[/tex]

Step-by-step explanation:

Mrs. Hanover borrows $1,413 at a
rate of 5% per year. How much
Simple Interest will she owe if it
takes her 9 months to repay the
loan? Round your answer to the
nearest cent

Answers

well, let's recall that a year has 12 months, so 9 months is really 9/12 of a year

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$1413\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ t=years\to \frac{9}{12}\dotfill &\frac{3}{4} \end{cases} \\\\\\ I = (1413)(0.05)(\frac{3}{4}) \implies I = 1413(\frac{3}{80})\implies I\approx 52.99[/tex]

if a flat screen television is a rectangle with a 53-invh diagonal and a width of 45 inches what is the height of the screen?
Draw a picture the in solve for the missing side.​

Answers

The height of the screen will be;

⇒ h = 28 inches

What is mean by Rectangle?

A rectangle is a two dimension figure with 4 sides, 4 corners and 4 right angles. The opposite sides of the rectangle are equal and parallel to each other.

Given that;

A flat screen television is a rectangle with a 53-invh diagonal and a width of 45 inches.

Here,

The diagonal of the screen television = 53 inches

And, The width of the screen television = 45 inches

Let the height of the television = h

So, By the Pythagoras theorem, we get;

⇒ AC² = AD² + DC²

Where, AC = Diagonal of television.

AD = Height of the television

DC = Width of the television.

Substitute all the values, we get;

⇒ 53² = h² + 45²

⇒ 2809 = h² + 2025

⇒ 2809 -2025 = h²

⇒ h² = 784

⇒ h = √784

⇒ h = 28 inches

Thus, The height of the screen = 28 inches

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On a coordinate plane, a line is drawn from point C to point D. Point C is at (negative 1, 4) and point D is at (2, 0).
Point C has the coordinates (–1, 4) and point D has the coordinates (2, 0). What is the distance between points C and D?

d = StartRoot (x 2 minus x 1) squared + (v 2 minus v 1) squared EndRoot
units

Answers

The length of the line is 5 units.

What is distance?

The distance between two points is the length of the line joining the two points.

Formula: distance= √(x_2-x_1)²+(y_2-y_1)²

Given that, endpoints are (-1,4) and (2,0) of the line segment.

The length= √(2+1)²+(0-4)²

                 =5units

Hence, The length of the line is 5 units.

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(i) Six horses are each given 5 ml spoons of medicine three times each day.
Calculate the number of whole days a 2 L bottle of medicine will last.

Answers

Answer:22 days

Step-by-step explanation: since 6days are each given 5ml spoons of medicine three times a day,

Therefore consumption of each day is 90 ml and we have 2000 ml(2litre=2000 ml)

so, 2000/90 = we will get number of days

therefore 22.22 days

Which emplies 22 days.

This box plot represents the marks gained by students in an exam. Nobody gained exactly 30, 48 or 70 marks. 120 students gained less than 70 marks. How many students gained more than 48 marks?

Answers

Therefore , the solution of the given problem of scatter plot comes out

to be  2 regions contain 2 x 40 (or 80) students.

Definition of a scatter plot

Several dots are placed on a vertical and horizontal axis to form a scatter plot. In statistics, scatter plots are crucial because they can demonstrate the amount of correlation, if any, between both the quantities of observed quantities or occurrences (called variables).

Here,

A box plot separates a data set into four areas, each identified by five lines. The lowest line displays the result, while the highest line displays the result. 25% of the data points are distributed across each region, and the median score is indicated by the middle line.

In this box plot, for instance, there are lines at 10, 30, 48, 70, and 100. The fact that no student received a score exactly equal to 30, 48, or 70 allows us to deduce the following:

Because the middle two sections represent the interquartile range (IQR), which comprises the middle 50% of the data, they are frequently "boxed" together.

We are informed that 120 students received test scores below 70. Additionally, since there are three regions with scores below 70 and each region has a 25% weighting, 3 x 25% (or 75% of the students) had scores below 70.

In other words, 75% of 120 students.

If there are 120 students total throughout the three regions, then each

region has 40 pupils, or one-third of the total.

The box plot indicates that there are two areas, and since each region has 40 students, there are 80 students total in the two regions.

As a result, two zones with two sets of 40 students each make up the solution to the scatter plot problem.

Therefore , the solution of the given problem of scatter plot comes out

to be  2 regions contain 2 x 40 (or 80) students.

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Can 30 60 and 90 be the angles of a triangle?

Answers

No, the sum of the angles of a triangle must add up to 180 degrees. 30 + 60 + 90 = 180, so these angles cannot form a triangle.

The sum of the angles of a triangle must always add up to 180 degrees. To determine if a set of angles can form a triangle, add the angles together. If the sum is 180, the angles can form a triangle. In this case, 30 + 60 + 90 = 180, which does not equal 180. Therefore, these angles cannot form a triangle.

No, the sum of the angles of a triangle must add up to 180 degrees. 30 + 60 + 90 = 180, so these angles cannot form a triangle.

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What is 62% of $10.50?

Answers

Answer:

$6.51

Step-by-step explanation:

To make a percent a decimal, divide by 100

62% = .62

.62 x 10.50 = 6.51

We know that half of 10.50 is 5.25 and 625 would be a little higher and 6.51 is a little higher.

The answer is $ 6.51

The square on the right is a scaled copy of the square on the left. Identify the scale
factor. Express your answer as a whole number or fraction in simplest form.
8
8
4

Answers

Writing the whole number in the numerator and 1 in the denominator. Fraction in simplest form is 8

In the simplest form, how do you write an answer as a fraction?

How to Find the Most Basic Form

Determine the GCF of the fraction’s numerator and denominator.

Divide the created GCF by the numerator and denominator.

Fill in the blanks with the simplified fraction of the supplied fraction.

The most basic form, If the top and bottom have no common components other than 1, the fraction is in its simplest form. In other words, the top and bottom cannot be divided any further and still remain full numbers. You may sometimes hear the phrase “lowest terms” when referring to the simplest form.

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Can you help me with this

Answers

Refer to the image attached.

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Answers

A measurement which could be the side lengths of a right triangle include the following: C. √24 in, √6 in, √30 in.

How to determine the side lengths?

In order to determine which measurements could be the side lengths of a right triangle, we would have to apply Pythagorean's theorem.

Mathematically, Pythagorean's theorem is given by this formula:

x² + y² = z²

From the side lengths of the first triangle, we have the following:

(√6)² + (√30)² = (√33)²

6 + 30 = 33

36 = 33 (False).

From the side lengths of the first triangle, we have the following:

(√27)² + (√18)² = (√48)²

27 + 18 = 48

45 = 48 (False).

From the side lengths of the first triangle, we have the following:

(√6)² + (√24)² = (√30)²

6 + 24 = 30

30 = 30 (True).

From the side lengths of the first triangle, we have the following:

(√18)² + (√21)² = (√48)²

18 + 21 = 48

39 = 48 (False).

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Match the partition type to its description.
1 . Logical partition A partition with an extended partition 2 . System partition The partition where you place the boot loader 3 . Primary partition The section of the hard drive that will become the bootable drive

Answers

Logical partition - A partition within an extended partition

System partition - The partition where you place the boot loader

Primary partition - The section of the hard drive that will become the bootable drive

IBM and Microsoft initially kept internal lists of designated partition types to be used in the MBR partition table. As the market for PC operating systems and disc tools expanded and became more open, other suppliers also needed to give their products specialised partition kinds. Third parties began to merely allocate partition types on their own behalf in a largely uncoordinated trial-and-error fashion because Microsoft neither documented all of the partition types already given by them nor wished to retain foreign assignments. This resulted in several conflicting assignments, which occasionally caused serious compatibility issues between certain products. [1]

In the 1990s, a number of industry professionals including Hale Landis, Ralf D. Brown, Matthias R. Paul, and Andries E. Brouwer began investigating partition kinds.

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How do you check if an inverse is a function?

Answers

If a value of y relates only to one value of x, then the function does have an inverse function.

Define the term function and its inverse?

A relation between such a collection of inputs and outputs is known as a function.

A function is, to put it simply, a connection between inputs in which each input is connected to precisely one output. Each function has a range, codomain, and domain. The usual way to refer to a function is as f(x), where x is just the input.If and only if the outcome of reflecting a function's graph about the line y = x is the function's graph, then the function f does have an inverse (passing from the vertical line test).

Thus, if a value of y relates only to one value of x, then the function does have an inverse function.

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On a coordinate plane, the center of dilation is at (0, 0). Triangle A B C is dilated to create triangle A prime A C prime. The points of A B C are (negative 3, 3), (negative 1, 1), and (negative 3, 1). The points of A prime A C prime are (negative 9, 9), (negative 3, 3), and (negative 9, 3).
The dilation DO,3 (x, y) → (3x, 3y) is performed on the pre-image △ABC to make a similar triangle. Which statements are true? Check all that apply.

∠A corresponds to ∠A'.
∠A'AC' corresponds to ∠B.
CB corresponds to C'A.
Segment A'A is parallel to segment C'C.
△ABC ~ △A'AC'.

Answers

The true statements after a dilation of scale factor 3 are,

∠A corresponds to ∠A' and Triangle ABC is similar to triangle A'B'C'.

What are transformations?

Two-dimensional figures can be transformed mathematically in order to travel about a plane or coordinate system.

Dilation: The preimage is scaled up or down to create the image.

Reflection: The picture is a preimage that has been reversed.

Rotation: Around a given point, the preimage is rotated to create the final image.

Translation: The image is translated and moved a fixed amount from the preimage.

Given, The points of ABC are (negative 3, 3), (- 1, 1), and (- 3, 1).

The points of A'BC' are (- 9, 9), (- 3, 3), and (- 9, 3) after a dilation of 3, (x, y) ⇒ (3x, 3y).

We know dilation maintains the similarity of the dilated figures.

Therefore, The statements that are true,

∠A corresponds to ∠A' as dilation maintains similarity.

Triangle ABC is similar to triangle A'B'C'.

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Answer:

Options A,B,C,E

Step-by-step explanation:

50PTS 50PTS don’t explain just answer.

Answers

Answer:

[tex] \sf \: x = 7[/tex]

Step-by-step explanation:

Now we have to,

→ find the required value of x.

Forming the equation,

→ 2x + 5 = 3x - 2

Then the value of x will be,

→ 2x + 5 = 3x - 2

→ 2x - 3x = -2 - 5

→ -x = -7

→ [ x = 7 ]

Hence, the value of x is 7.

The double number line shows that a traffic signal allows traffic through the intersection for 363636 seconds. A double number line with 2 tick marks. The line labeled Time, seconds, reads from left to right: 0, 36. The line labeled Percentage, reads from left to right: 0 percent, 100 percent. A double number line with 2 tick marks. The line labeled Time, seconds, reads from left to right: 0, 36. The line labeled Percentage, reads from left to right: 0 percent, 100 percent. Complete the table to show different percentages of the time the signal allows. Time (\text{s}sstart text, s, end text) Percentage 100\%100%100, percent of 36\,\text{s}36s36, start text, s, end text 25\%25%25, percent of 36\,\text{s}36s36, start text, s, end text 125\%125%125, percent of 36\,\text{s}36s36, start text, s, end text Report a problem

Answers

The percentages for this problem are calculated as follows:

100% of 36 seconds: 36 seconds.25% of 36 seconds: 9 seconds.125% of 36 seconds: 45 seconds.

How to obtain the percentages?

The percentages in this problem are obtained applying proportions, multiplying the total amount by the decimal equivalent of the percentage.

Hence the amount that represents 100% of 36 seconds is obtained as follows:

1 x 36 = 36 seconds.

(as a percentage of 100% has a decimal equivalent of 1).

The amount that represents 25% of 36 seconds is obtained as follows:

0.25 x 36 = 9 seconds.

(as a percentage of 25% has a decimal equivalent of 1).

The percentage of 125% of 36 students can be obtained combining the two previous expressions as follows:

1.25 x 36 = 1 x 36 + 0.25 x 36 = 36 + 9 = 45 seconds.

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Convert one three fifths to a percent find that percent of 30 Divide your answer by 25% of 16

Answers

Answer:

40%

Step-by-step explanation:

1 and 3/5 as a fraction is 8/5 which as a percent is 160%.

25% of 16 is 4

160%/4 = 40%

As a 11 1/3 inch candle burns down, its height decreases 1/6 inch each hour. How many hours does it take for the candle to burn completely?
SHOW YOUR WORK

Answers

The number of hours after which the candle is burned completely is

68 hours.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Candle height = 11(1/3) inches

Each hour the height decreases by 1/6 inch.

Now,

The equation to find the number of hours x after which the candle is burnout is 11(1/3) - (1/6)x = 0

Solve for x.

11(1/3) - (1/6)x = 0

11(1/3) = (1/6)x

34/3 = (1/6)x

x = (34 x 6) / 3

x = 34 x 2

x = 68

Thus,

After 68 hours the candle is completely burnt.

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Enter your answer and show all the steps that you use to solve this problem in the space provided in the triangle there is a 72° c113° write a list of steps that are needed to find the measure of b

Answers

The steps for measuring the angle b is shown below, <b= 41.

What is Exterior angle Property?

If a triangle side is created, the outside angle that results is equal to the sum  of the two opposite internal angles.

If an equivalent angle is measured at each triangle vertex, the exterior angles always add up to 360 degrees.

Given:

exterior angle = 113

and, opposite interior angle =72

Using Exterior angle property we have

72 + b = 113

Subtract 72 from both side

72 + b -72 = 113 -72

b = 113- 72

b = 41

Hence, the measure of b is 41 degree.

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The moon orbits earth at 384400km. The distance from earth to the sun is 149600000km. The diamiter of the sun is 1391000km. What would the diamiter of earth have to be to appear the same size as the sun from the moon if the celestial objects are in the order shown here : Sun, earth, moon.

Answers

Answer:

The diameter of Earth that would appear the same size as the Sun from the Moon is approximately 54304839.858 kilometers

Step-by-step explanation:

To find the diameter of Earth that would appear the same size as the Sun from the Moon, we need to know the distance from the Moon to the Sun and the distance from the Moon to Earth.

Since the distance from the Moon to the Sun is much greater than the distance from the Moon to Earth, the angle subtended by the Sun at the Moon will be much smaller than the angle subtended by Earth at the Moon.

Therefore, the size of Earth as seen from the Moon will be much larger than the size of the Sun as seen from the Moon.

To find the ratio of the size of Earth to the size of the Sun as seen from the Moon, we can use the formula:

size ratio = (distance to Earth / distance to Sun) x (Sun's diameter / Earth's diameter)

Substituting in the given values, we get:

size ratio = (384400km / 149600000km) x (1391000km / Earth's diameter)

Simplifying, we get:

size ratio = 0.00257 x (1391000km / Earth's diameter)

To find the diameter of Earth that would appear the same size as the Sun from the Moon, we need to solve for Earth's diameter. Dividing both sides of the equation by 0.00257, we get:

Earth's diameter = (1391000km / 0.00257) = 54304839.858km

Therefore, the diameter of Earth that would appear the same size as the Sun from the Moon is approximately 54304839.858 kilometers.

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Which angles are alternate exterior angles?


1. EFH and BCF

2. EFH and DCA

3. EFH and EFC

4. EFH and BCA

Answers

∠EFH and ∠ACD are angles of alternate exterior angles in the figure as  alternate external angles are those that are generated on the outer side of the parallel lines .

what are angles ?

When two straight lines connect at a 90° angle or are perpendicular to one another, an angle is formed. The symbol denotes a right angle. In the picture up above, many right angle formations are visible. Shapes include the correct angles. Triangles classified as right triangles have one of their internal angles at a 90 degree right angle. The three interior angles of a triangle add up to 180 degrees, so the three interior angles of a right triangle must always add up to 90 degrees because one of them is always 90 degrees.

given

The pair of angles known as alternate external angles are those that are generated on the outer side of the parallel lines but on the transverse side.

sum up to 180 degrees, you can calculate the size of the inner angle adjacent to it if you know the size of the outer angle (since together they are the angle on a straight line). The internal angles at the other two vertices are added to create the outer angle of a triangle.

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please help!!!!

Solving Systems of Linear Equations by Elimination
C.
0.6x = 1.2 +0.3y
2.2x-1.8y-1.6=0

Answers

By using systems of linear equations by elimination, it can be determined that x = 0.5 y +2 and 2.2x-1.8y-1.6=0 are equivalent to x=0.818182 and y+0.727273.

What do you meant by Systems of Linear Equations by Elimination ?

Using elimination, let's fix your system. 0.6 x=1.2+0.3 y, 2.2 x-1.8 y-1.6=0 in the graph, and y=2 x-4, y=1.222222 x-0.88888

Step 1: Divide both sides by 0.6 to find the solution for x = 0.6 x=1.2 + 0.3 y.

[tex]$$\begin{aligned}& \frac{0.6 x}{0.6}=\frac{0.3 y+1.2}{0.6} \\& x=0.5 y+2\end{aligned}$$[/tex]

Let's figure out what x is, 2.2 x-1.8 y-1.6=0.

First, multiply both sides by 1.8 y.

[tex]$$\begin{aligned}& 2.2 x-1.8 y-1.6+1.8 y=0+1.8 y \\& 2.2 x-1.6=1.8 y\end{aligned}$$[/tex]

Add 1.6 to both sides in step two.

[tex]$$\begin{aligned}& 2.2 x-1.6+1.6=1.8 y+1.6 \\& 2.2 x=1.8 y+1.6\end{aligned}$$[/tex]

3. Multiply both sides by 2.2.

[tex]$\frac{2.2 x}{2.2}=\frac{1.8 y+1.6}{2.2}$[/tex]

x=0.818182 y+0.727273

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Select the correct answer.A wooden board that is 108 inches long is cut into two equal parts. What is the length of each part in feet

Answers

4.5 is the length of each part in feet. This can be solved by using the concept of feet.

What is feet?

foot, plural feet, any of a wide range of ancient, medieval, and modern linear measurements (often 25 to 34 cm) based on the length of the human foot and used only in English-speaking nations, where it typically consists of 12 inches or one-third yard.

The foot measured [tex]11^{\frac{1}{42}[/tex] inches in antiquity. The typical man's foot measures 12 inches in length nowadays.

Given that:

The length of the wooden board is given as = 108 inches.

As it is cut in 2 equal parts, it becomes: 108/2 = 54 inches in each

We have to calculate the length of each part in feet, so divide 54 by 12.

As we know,

12 inches = 1 feet

Thus, 54 inches = 54/12 feet = 4.5 feet

So, the length of each part is 4.5 feet.

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You decide you want to go snowboarding for the day and you have to figure out your budget. Tickets are $75.00 per day and there is a 5% convenience charge when you order your ticket. You also have to pay for a bus ticket that is $12 for the day. You mom gives you a 15% off coupon that applies to the lift ticket only (not the bus). What is the total cost for your fun day out? (round to the nearest hundredth)

Answers

The total cost for your fun day out is $23.82.

What is percentage?

In mathematics →

a percentage is a number or ratio expressed as a fraction of 100.it is often denoted using the percent sign "%".

Given is that you decided to go snowboarding for the day and you have to figure out your budget. Tickets are $75.00 per day and there is a 5% convenience charge when you order your ticket. You also have to pay for a bus ticket that is $12 for the day. You mom gives you a 15% off coupon that applies to the lift ticket only.

Assume that the total cost for your fun day out is ${x}. Then, we can write the equation as -

{x} = 15% of (75 + {5% of 75}) + 12

{x} = 15% of (75 + {5/100 x 75}) + 12

{x} = 15% of (75 + {1/20 x 75}) + 12

{x} = (15/100) x (75 + 75/20) + 12

{x} = (3/20 x 78.75) + 12

{x} = 11.82 + 12

{x} = 23.82

Therefore, the total cost for your fun day out is $23.82.

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A certain movie is 105 minutes long. It started at 6:15 pm. During the movie, there were two commercial breaks, one lasting 9
minutes and one lasting 6 minutes. At what time did the movie finish?

Answers

Answer: 8:15pm

Step-by-step explanation:

9+6=15 +105 = 120, 120/60=2 hours (total duration), 6:15 + 1 hour = 7:15 + 1 hour = 8:15pm

Question 17
Galle bought a purse for $22.50. Gale's thend Brenda saw the purse and said she would give Gale $35 if Gale would sell her the new purse right then.
mely how much profit as a percent did Gale make from selling the purse to Brenda?
A.35.7%
B.55.6%
C.64.3%
D.155.6%

Answers

So Gale made a profit of 55.6% by selling the purse to Brenda. Therefore the correct answer would be B. 55.6%

What is profit and loss?

Profit and Loss is a financial statement that shows a company's revenue, costs, and expenses over a certain period of time, such as a month or a year. The purpose of a P&L statement is to show the company's financial performance and to determine whether the company is making a profit or incurring a loss.

What is Profit Percentage?

The proportion that the retailer makes after selling a good at a price greater than its cost is the product's profit margin. P% indicates it.

Profit Percentage P% = {(selling price – cost price) / cost price} x 100.

The selling price of the purse is $35 and the original cost of the purse is $22.50. So the profit is $35 - $22.50 = $12.50

Profit as a percent = (Profit / Original cost) * 100

Profit as a percent = ($12.50 / $22.50) * 100 = 55.6%

So Gale made a profit of 55.6% by selling the purse to Brenda. Therefore the correct answer would be B. 55.6%

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given that y=15-2x,copy and complete the table below giving the values of y for x=-4,0,4,8,12

Answers

Answers: 23, 15, 7, -1, and -9

Explanation

Insert the x-values into the given equation to solve for y.

1. Find y = 15-2(-4) by multiplying -2 by -4, which is 8. Add that to 15, which is 23.

2. Find y = 15-2(0) by multiplying -2 by 0, which is 0. Subtract that from 15, which is 15.

3. Find y = 15-2(4) by multiplying -2 by 4, which is -8. Add that to 15, which is 7.

4. Find y = 15-2(8) by multiplying -2 by 8, which is -16. Add that to 15, which is -1.

5. Find y = 15-2(12) by multiplying -2 by 12, which is -24. Add that to 15, which is -9.

What is the coefficient of X²Y in the product 7x² 5y X² 3y )? *?

Answers

The coefficient of the expression X²Y in the product 7x² 5y X² 3y is 35.

7x² 5y X² 3y

= 7x² X² (5y 3y)

= 7x² X² (2y)

= 7x² X² 2y

= 14x² 2y

= 28xy

= 35

The given expression is 7x² 5y X² 3y. This can be rearranged as 7x² X² (5y 3y). This is equal to 7x² X² (2y). This can further be rearranged as 7x² X² 2y. This is equal to 14x² 2y. This can be further rearranged as 28xy. This is equal to 35. Therefore, the coefficient of X²Y in the product 7x² 5y X² 3y is 35.

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A survey of 6000 adults found that 58% say that they would take a ride in a fully

self-driving car. A normal distribution may be used to model the sample proportion.

At 95% confidence, the margin of error for this estimate was 2. 4%. Find the 95%

confidence interval of the true proportion who said that they would take a ride in a

self-driving car.

Source: World Economic Forum and Boston Consulting Group

Answers

As per the conditions given by the question, the 95% confidence interval of the true proportion who said that they would take a ride in a self-driving car is (53.3856%, 62.6144%).

Now, According to the question:

What is confidence interval?

A confidence interval describes the likelihood that a population parameter would fall between a set of values for a given percentage of the time. Confidence ranges that include 95% or 99% of anticipated observations are frequently used by analysts.

To find the 95% confidence interval of the true proportion, we need to use the following formula:

point estimate +/- (margin of error * z-score)

The point estimate in this case is the sample proportion, which is 58%. The margin of error is 2.4%, and the z-score for a 95% confidence interval is 1.96.

Plugging these values into the formula, we get:

58% +/- (2.4% * 1.96)

This simplifies to:

58% +/- 4.6144%

So the 95% confidence interval is:

(53.3856%, 62.6144%)

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