Question
3. Consider the sample of 850 past negligence cases. Suppose you are willing to let the 75% estimate be within .03 (3%) of the true
3. Consider the sample of 850 past negligence cases. Suppose you are willing to let the 75% estimate be within .03 (3%) of the true proportion. You are willing to assume a 95% confidence. a. Is 850 an adequate sample size for the estimate of 75%? Show why or why not. b. Construct a 95% confidence interval on the estimate of 75%. How would you interpret it? This question is about All Star Computer Services case which you can find in CSUN webpage. The link for case is https://www.csun.edu/sites/default/files/All%20Star%20Computer%20Services%20-%20Case%20Text.pdf
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