Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1418 say they have started paying bills online in the last year. Construct a 99% confidence interval for the population proportion. Interpret the results.

image text in transcribed

1418 say they have started paying bills online in the last year. Construct a 99% confidence interval for the population proportion. Interpret the results. A 99% confidence interval for the population proportion is (0.481, 0.530). (Round to three decimal places as needed.) Interpret your results. Choose the correct answer below. OA. With 99% confidence, it can be said that the sample proportion of adults who say they have started payin bills online in the last year is between the endpoints of the given confidence interval. O B. With 99% confidence, it can be said that the population proportion of adults who say they have started paying bills online in the last year is between the endpoints of the given confidence interval. OC. The endpoints of the given confidence interval show that adults pay bills online 99% of the time.

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

Forecasting Time Series And Regression

Authors: Bruce L. Bowerman, Richard O'Connell, Anne Koehler

4th Edition

0534409776, 9780534409777

More Books

Students also viewed these Mathematics questions