Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Estimating p in the Binomial Distribution: I have figured everything up to the point of how they are getting the answer of .0395 when asked
Estimating p in the Binomial Distribution:
I have figured everything up to the point of how they are getting the answer of .0395 when asked to find a 99% confidence interval for p
E=(approx) Zc^sq.rt. Pcap (1-Pcap)/n=(approx) 2.58 ^sq. rt. (.75)(.25)/800 =(approx) .0395
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