Question
Does age make a difference in the amount of savings a worker feels is needed to be secure at retirement? A study by CommSciences for
Does age make a difference in the amount of savings a worker feels is needed to be secure at retirement? A study by CommSciences for Transamerica Asset Management found that .24 of workers in the 25-33 age category feel that $250,000 to $500,000 is enough to be secure at retirement. However, .35 of the workers in the 34-52 age category feel that this amount is enough. Suppose 210 workers in the 25-33 age category and 176 workers in the 34-52 age category were involved in this study. Use these data to construct a 90% confidence interval to estimate the difference in population proportions on this question. What is the upper value of the interval?
(Round your answers to 4 decimal places, e.g. 0.7589. Enter negative amount using a negative sign preceding the number e.g. -0.7589.)
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