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.) (b) At 90% confidence, what is the margin of error? (Round your answer to four decimal places.) (c) Develop a 90% confidence interval for the population proportion of adults who lack confidence they willl be able to afford health insurance in the future. (Round your answer to four decimal places.) to (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
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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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.)
(b) At 90% confidence, what is the margin of error? (Round your answer to four decimal places.)
(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.)
to
(d) Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.)
to
Transcribed Image Text: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.) (b) At 90% confidence, what is the margin of error? (Round your answer to four decimal places.) (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.) to (d) Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.) to
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