The report One in Three American Households Are Stuck in a Relationship with a Financial Services Provider
Question:
The report “One in Three American Households Are Stuck in a Relationship with a Financial Services Provider They Don’t Trust” (businesswire.com/news /home/20160629005198/en/American-Households -Stuck-Relationship-Financial-Services-Provider, June 29, 2016, retrieved May 4, 2017) estimated that 31% of American households feel obliged to do business with one or more financial services companies they distrust. This estimate is based on a representative sample of 1056 consumers age 18 and older. Use the “Bootstrap Confidence Interval for One Proportion” Shiny app to generate a 95% bootstrap confidence interval for the proportion of all U.S. households that feel obliged to do business with one or more financial services companies they distrust. Interpret the interval in context. 9.65 A 2016 study of 120 U.S. brand-name products found that 70% were active on Snapchat (businessinsider .com/what-exactly-are-brands-posting-on-snapchat -2016-6, June 15, 2016, retrieved May 4, 2017). The researchers conducting the study used bootstrap methods to determine a confidence interval. Suppose that it is reasonable to consider this sample of brand-name products as representative of all brand-name products. Use the “Bootstrap Confidence Interval for One Proportion” Shiny app to find a 95% confidence interval for the proportion of all brand-name products that are active on Snapchat and interpret the interval in context.
Step by Step Answer:
Introduction To Statistics And Data Analysis
ISBN: 9781337793612
6th Edition
Authors: Roxy Peck, Chris Olsen, Tom Short