For many years businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflation in health care prices and employees paying for a larger portion of health care benehts. A recent Mercer survey showed that 52% of US. employers were lkely to require higher employee contributions for health care coverage. Suppose the survey was based on a sample of 600 companies. Compute the margin of error and a 95% confidence interval for the proportion of companies kely to require higher employee contributions for health care coverage. If required, round your answer to four decimal places. Round intermediate calculations to four decimal places. Margin of Error Confidence Interval to Hide Feadback Incorrect

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
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For many years businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflabion in health care prices and employees paying for a larger portion of health care
benehts. A recent Mercer survey showed that 52% of US. employers were lkely to require higher employee contributions for health care coverage. Suppose the survey was based on a sample of 600 companies.
Compute the margin of error and a 95% confidence interval for the proportion of companies kely to require higher employee contributions for health care coverage. If required, round your answer to four decimal
places. Round intermediate calculations to four decimal places.
Margin of Error
Confidence Interval
to
Hide Feadback
Incorrect
Transcribed Image Text:For many years businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflabion in health care prices and employees paying for a larger portion of health care benehts. A recent Mercer survey showed that 52% of US. employers were lkely to require higher employee contributions for health care coverage. Suppose the survey was based on a sample of 600 companies. Compute the margin of error and a 95% confidence interval for the proportion of companies kely to require higher employee contributions for health care coverage. If required, round your answer to four decimal places. Round intermediate calculations to four decimal places. Margin of Error Confidence Interval to Hide Feadback Incorrect
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