Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 An economist sampled 2100 individuals and found that 652 actively participate in the stock market. a. (2pts) Find the sample proportion. (Round your

image text in transcribed

1 An economist sampled 2100 individuals and found that 652 actively participate in the stock market. a. (2pts) Find the sample proportion. (Round your answer to 4 decimal points) Sample proportion: [ 3105 b. (2pts) True or false, the sample proportion is approximately normally distributed, O True False c. (6pts) Compute a 90% confidence interval for the population proportion p. (Round your answers to 4 decimal points) to d. (2pts) Report the margin of error for this confidence level. (Round your answer to 4 decimal points) 1661

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_2

Step: 3

blur-text-image_3

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

Essentials Of Business Statistics Communicating With Numbers

Authors: Sanjiv Jaggia, Alison Kelly

1st Edition

78020549, 978-0078020544

More Books

Students also viewed these Accounting questions

Question

List the characteristics of wellset goals.

Answered: 1 week ago

Question

Wharton Company is planning to make the following investments.

Answered: 1 week ago