In your work for a real estate company, you find that in a sample of 1762 home buyers, 722 found their real estate agent through a friend. Construct a 98% confidence interval for the true proportion of home buyers who find their real estate agent through a friend.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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In your work for a real estate company, you find that in a sample of 1762 home buyers,
722 found their real estate agent through a friend. Construct a 98% confidence interval
for the true proportion of home buyers who find their real estate agent through a friend.
Transcribed Image Text:In your work for a real estate company, you find that in a sample of 1762 home buyers, 722 found their real estate agent through a friend. Construct a 98% confidence interval for the true proportion of home buyers who find their real estate agent through a friend.
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