Foreclosure rates. The two states with the highest home foreclosure rates in March 2008 were Nevada and
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Foreclosure rates. The two states with the highest home foreclosure rates in March 2008 were Nevada and Colorado (realestate.msn.com, April 2008). In the second quarter of 2008, there were 8 foreclosures in a random sample of 1098 homes in Nevada, and 6 in a sample of 1460 homes in Colorado.
a) Is there evidence that the percentage of foreclosures is different in the two states?
b) Give a 90% confidence interval for the difference in proportions.
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Related Book For
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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