Question
A national poll was conducted to determine the proportion of people that prefer a Congressional candidate by the name of Bianca. After completing the poll,
A national poll was conducted to determine the proportion of people that prefer a Congressional candidate by the name of Bianca. After completing the poll, a 99% confidence interval was calculated to show the proportion of the population that preferred Bianca. The confidence interval was:
0.567
Can we be reasonably sure that Bianca will have at least 50% of the vote?
- Yes
- No
Why or why not?
__________________________________________________________________________
A particular bank requires a credit score of 608 to get approved for a loan. After taking a sample of 183 customers, the bank finds the 99% confidence interval for the mean credit score is:
589< <666
Can we be reasonably sure that a majority of people will have a credit score over 608 and be able to get the loan?
- Yes
- No
Why or why not?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started