It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of 240 such companies showed that 101 of them provide such facilities on site. Construct a 95% confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate? Round your answers to one decimal place. Confidence interval: i % to i % Margin of error: i !

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?
icon
Related questions
Question
It is said that happy and healthy workers are
efficient and productive. A company that
manufactures exercising machines wanted to
know the percentage of large companies that
provide on-site health club facilities. A sample of
240 such companies showed that 101 of them
provide such facilities on site.
Construct a 95% confidence interval for the
percentage of all such companies that provide
such facilities on site. What is the margin of error
for this estimate?
Round your answers to one decimal place.
Confidence interval:
i
% to
i
%
Margin of error:
i
%
Transcribed Image Text:It is said that happy and healthy workers are efficient and productive. A company that manufactures exercising machines wanted to know the percentage of large companies that provide on-site health club facilities. A sample of 240 such companies showed that 101 of them provide such facilities on site. Construct a 95% confidence interval for the percentage of all such companies that provide such facilities on site. What is the margin of error for this estimate? Round your answers to one decimal place. Confidence interval: i % to i % Margin of error: i %
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning