Consider the sample of 850 past negligence cases. Suppose you are willing to let the 75% estimate be within .03 (3%) of the true proportion. You are willing to assume a 95% confidence. Is 850 an adequate sample size for the estimate of 75%? Show why or why not. Construct a 95% confidence interval on the estimate of 75%. How would you interpret it?
Consider the sample of 850 past negligence cases. Suppose you are willing to let the 75% estimate be within .03 (3%) of the true proportion. You are willing to assume a 95% confidence. Is 850 an adequate sample size for the estimate of 75%? Show why or why not. Construct a 95% confidence interval on the estimate of 75%. How would you interpret it?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 8SGR
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Consider the sample of 850 past negligence cases. Suppose you are willing to let the 75% estimate be within .03 (3%) of the true proportion. You are willing to assume a 95% confidence.
- Is 850 an adequate
sample size for the estimate of 75%? Show why or why not.
- Construct a 95% confidence interval on the estimate of 75%. How would you interpret it?
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