Question
4)Out of a random sample of 500 individuals who are planning to vote in a student council election, 260 plan on voting for Jefferson and
4)Out of a random sample of 500 individuals who are planning to vote in a student council election, 260 plan on voting for Jefferson and 240 plan on voting for Smith.
- Construct a 95% confidence interval for the proportion of votes that Jefferson will receive, and make a conclusion about whether Jefferson will win the election.
- Calculate a z-score and interpret the probability (using 0.05 as the alpha level) in order to make a conclusion about whether Jefferson will win.
- Compare your results from a and b - do you think Jefferson will win the election?
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
