A study is being conducted by a group of insurance brokers to analyze whether or notpet owners who do not have pet insurance would opt for medical treatment for theirpet if the cost of the treatment exceeded $5,000. A random stratified sample of 128 petowners without pet insurance was collected, and out of those sampled, 35 said theywould opt for treatment when presented with the choice if the treatment would costover $5,000 in total. Calculate the margin of error for this result at the 5% level ofsignificance, and construct the corresponding confidence interval for the trueproportion of pet owners that do not have pet insurance who would be willing to payover $5,000 for medical treatment for their pet.Standard Normal Distribution Table17SAMSUNGSUBMIT QUESTIONSAVE PROGRESSSUBMIT ASSI Standard Normal Distribution TableЕ:__________Round to four decimal places if necessaryEnter 0 if normal approximation cannot be usedE

Givensample size(n)=128x=35sample proporiton(p^)=xn=35128≅0.2734level of significance(α)=5%=0.05

Answered: A study is being conducted by a group…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.4: Collecting Data

Problem 5E

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