Answer:
Contract A is cheaper because $115 per month is less than $148 per month
Step-by-step explanation:
To find the unit price we divide the total cost given by the total months given for each contract to find out the cost per month.
$2070/18 months = $115 per month
$1776/12 months = $148 per month
Contract A is cheaper because $115 per month is less than $148 per month
Answer:
a. n=4148
b. n=3909
c. The sample size is smaller if a known proportion from prior study is used. The difference in sample sizes is 239
Step-by-step explanation:
a. For sample where no preliminary estimate is given, the minimum sample size is calculated using the formula:
Where:
- Margin of error
- is the assumed proportion
#Let p=0.5, substitute in the formula to solve for n:
Hence, the minimum sample size is 4148
b. If given a preliminary estimate p=0.38, we use the same formula but substitute p with the given value:
Hence, the minimum sample size is 3909
c. Comparing the sample sizes from a and b:
Hence, the actual sample size is smaller for a known proportion from prior a prior study.
I have done the segment 1 pratice exam