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Answer:
The estimate of the percentage of millionaires in each of these cities:
Bridgeport San Jose Washington Lexington Park
CT CA D.C. MD
Percentage of
Millionaires 9% 12% 9% 8.3%
Step-by-step explanation:
Data and Calculations: City
Bridgeport, San Jose, Washington, Lexington Park,
Millionaire CT CA D.C. MD
Yes 45 36 36 33
No 455 264 364 367
Sample 500 300 400 400
Percentage of
Millionaires 45/500 36/300 36/400 33/400
= 0.09 0.12 0.09 0.0825
= 9% 12% 9% 8.3%
Using the percentage concept, it is found that the estimate of the percentage of millionaires in these cities is of 9.25%.
What is a percentage?
The percentage of an amount a over a total amount b is given by a multiplied by 100% and divided by b, that is:
[tex]P = \frac{a}{b} \times 100\%[/tex]
Researching the problem on the internet, it is found that:
- A total of 45 + 34 + 37 + 32 + 455 + 266 + 363 + 368 = 1600 people were surveyed, hence b = 1600.
- Of those, 45 + 34 + 37 + 32 = 148 are millionaires, hence a = 148.
Then:
[tex]P = \frac{148}{1600} \times 100\% = 9.25\%[/tex]
The estimate of the percentage of millionaires in these cities is of 9.25%.
More can be learned about the percentage concept at https://brainly.com/question/10491646
