Assume that a sample is used to estimate a population proportion p. Find the 95% confidence interval for a sample of size 120 with 48% successes. Enter your answer as an open-interval (i. e., parentheses) using decimals (not percents) accurate to three decimal places.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

need more information

step-by-step explanation: