The total amount of money in a savings account after t years is given by the function A=1000(1.023)t . How could this function be rewritten to identify the monthly interest rate?
What is the approximate monthly interest rate?
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Now, martin can reasonably guess that the standard deviation for the entire population of people at the mall during the time of the survey is $1.50. what is the 95% confidence interval about the sample mean? interpret what this means in the context of the situation where 95 people were surveyed and the sample mean is $8. use the information in this resource to construct the confidence interval.