Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus

Authors: Howard Anton, Irl C Bivens, Stephen Davis

10th Edition

1118404009, 9781118404003

More Books

Students also viewed these Mathematics questions