Answer part D) You may need to use the appropriate appendix table or technology to answer this question.In the spring of 2017, the Consumer Reports National Research Center conducted a survey of 1,007 adults to learn about their major healthcare concerns. The survey results showed that 587 of therespondents lack confidence they will be able to afford health insurance in the future.(a) What is the point estimate of the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to two decimal places.)0.58(b) At 90% confidence, what is the margin of error? (Round your answer to four decimal places.)0.0256(c) Develop a 90% confidence interval for the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to four decimal places.)0.5573to 0.6085(d) Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.)to

The point estimate of proportion of respondent who lack confidence they will be able to afford…

Answered: (d) Develop a 95% confidence interval…

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(d) Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.) to

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.7: Probability

Problem 1SE: What term is used to express the likelihood of an event occurring? Are there restrictions on its...

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

100%

Answer part D)

You may need to use the appropriate appendix table or technology to answer this question.
In the spring of 2017, the Consumer Reports National Research Center conducted a survey of 1,007 adults to learn about their major healthcare concerns. The survey results showed that 587 of the
respondents lack confidence they will be able to afford health insurance in the future.
(a) What is the point estimate of the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to two decimal places.)
0.58
(b) At 90% confidence, what is the margin of error? (Round your answer to four decimal places.)
0.0256
(c) Develop a 90% confidence interval for the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to four decimal places.)
0.5573
to 0.6085
(d) Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.)
to

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