Question
1) A bank randomly selected 247 checking account customers and found that 115 of them also had savings accounts at this same bank. Construct a
1) A bank randomly selected 247 checking account customers and found that 115 of them also had savings accounts at this same bank. Construct a 95% confidence interval for the true proportion of checking account customers who also have savings accounts. (Round your answers to three decimal places.) Lower Limit ________
Upper Limit ________
2)In a sample of 58 randomly selected students, 33 favored the amount being budgeted for next year's intramural and interscholastic sports. Construct a 90% confidence interval for the proportion of all students who support the proposed budget amount. (Give your answers correct to three decimal places.)
Lower limit _______
Upper limit_______
3)You are testing the null hypothesis p = 0.4 and will reject this hypothesis if z is less than -1.96. (Give your answers correct to four decimal places.)
(b) What is the significance level for this test? (c) What is the p-value for z = -1.94?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started