Question
A report on consumer financial literacy summarized data from a representative sample of 1,664 adult Americans. Based on data from this sample, it was reported
A report on consumer financial literacy summarized data from a representative sample of 1,664 adult Americans. Based on data from this sample, it was reported that over half of U.S. adults would give themselves a grade of A or B on their knowledge of personal finance. This statement was based on observing that 939 people in the sample would have given themselves a grade of A or B.
(a)
Construct and interpret a 95% confidence interval for the proportion of all adult Americans who would give themselves a grade of A or B on their financial knowledge of personal finance. (Round your answers to three decimal places.)
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