A bank report looks at what strategies and measures financial institutions are pursuing to provide mobile financial services to their customers. In a response to a survey question about barriers hindering greater consumer adoption of mobilebanking, in a survey of 126 financial institutions, 85 said security concerns are a barrier, 78 said lack of trust in the technology is a barrier, and 13 said difficulty of use was a barrier. Construct a 90% confidence interval estimate of the population proportion of financial institutions who said that security concerns are a barrier hindering greater consumer adoption of mobile banking. _______ ≤π≤ ___________ (Round to three decimal places as needed.)
A bank report looks at what strategies and measures financial institutions are pursuing to provide mobile financial services to their customers. In a response to a survey question about barriers hindering greater consumer adoption of mobilebanking, in a survey of 126 financial institutions, 85 said security concerns are a barrier, 78 said lack of trust in the technology is a barrier, and 13 said difficulty of use was a barrier. Construct a 90% confidence interval estimate of the population proportion of financial institutions who said that security concerns are a barrier hindering greater consumer adoption of mobile banking. _______ ≤π≤ ___________ (Round to three decimal places as needed.)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
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A bank report looks at what strategies and measures financial institutions are pursuing to provide mobile financial services to their customers. In a response to a survey question about barriers hindering greater consumer adoption of mobilebanking, in a survey of 126 financial institutions, 85 said security concerns are a barrier, 78 said lack of trust in the technology is a barrier, and 13 said difficulty of use was a barrier.
Construct a 90% confidence interval estimate of the population proportion of financial institutions who said that security concerns are a barrier hindering greater consumer adoption of mobile banking.
_______ ≤π≤ ___________
(Round to three decimal places as needed.)Expert Solution
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