62. The nancial manager of a large department store chain selected a random sample of 200 of...
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62. The nancial manager of a large department store chain selected a random sample of 200 of its credit card customers and found that 136 had incurred an interest charge during the previous year because of an unpaid balance.
a. Compute a 90% CI for the true proportion of credit card customers who incurred an interest charge during the previous year.
b. If the desired width of the 90% interval is .05, what sample size is necessary to ensure this?
c. Does the upper limit of the interval in part (a)
specify a 90% upper con dence bound for the proportion being estimated? Explain.
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Related Book For
Modern Mathematical Statistics With Applications
ISBN: 9780534404734
1st Edition
Authors: Jay L Devore
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