The expression 1350(1.05)^t1350(1.05)
t
1350, left parenthesis, 1, point, 05, right parenthesis, start superscript, t, end superscript models the average wages, in dollars, in the US as a function of the number of years since 193019301930.
What does 1.051.051, point, 05 represent in this expression?

In a survey of 1015 adults, a polling agency asked, "when you retire, do you think you will have enough money to live comfortably or not. of the 1015 surveyed, 534 stated that they were worried about having enough money to live comfortably in retirement. construct a 90% confidence interval for the proportion of adults who are worried about having enough money to live comfortably in retirement.