If the proportion of Mastercard transactions in a sample of various credit card transactions is equal to 0.524 and the sample size is 96, what is the margin of error for the corresponding 94% confidence interval to estimate the proportion of Mastercard transactions in the population? Assume that the conditions for the sampling distribution to be approximately normal are satisfied. Use Excel to calculate and round your answer to 4 decimals.

If the proportion of Mastercard transactions in a sample of various credit card transactions is equal to 0.524 and the sample size is 96, what is the margin of error for the corresponding 94% confidence interval to estimate the proportion of Mastercard transactions in the population? Assume that the conditions for the sampling distribution to be approximately normal are satisfied. Use Excel to calculate and round your answer to 4 decimals.

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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