46. ACT, Inc., again. The ACT, Inc. study described in Exercise 44 was actually stratified by type...
Question:
46. ACT, Inc., again. The ACT, Inc. study described in Exercise 44 was actually stratified by type of college—
public or private. The retention rates were 71.9% among 505 students enrolled in public colleges and 74.9% among 1139 students enrolled in private colleges.
a) Will the 95% confidence interval for the true national retention rate in private colleges be wider or narrower than the 95% confidence interval for the retention rate in public colleges? Explain.
b) Find the 95% confidence interval for the public college retention rate.
c) Should a public college whose retention rate is 75%
proclaim that they do a better job than other public colleges of keeping freshmen in school? Explain.
Step by Step Answer:
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe