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Hi! Unfortunately, this is one entire question. I can't ask them separately because the answers relate to each other. I would REALLY appreciate your help.
Hi! Unfortunately, this is one entire question. I can't ask them separately because the answers relate to each other. I would REALLY appreciate your help. Please help me solve this.
l. A recent article in the Economist reported on the decision by Zillow to \"shut down its huge instant-buying, or i-buying , business, which uses big data and algorithms to make offers on homes in dozens of cities in America and then swiftly sells them on.\" According to a former Zillow employee, the company aimed to have 50% of its offers to be accepted. Suppose that Zillow made 100 offers to homeowners and 74 of them were accepted. 3. Construct a 99% CI estimate of the population proportion of Zillow's offers that are accepted. b. Explain whether the algorithm currently used by Zillow yields an acceptance rate higher than the 50% rate that Zillow intended to have. 0. Compute the number of offers that Zillow would have to make so that the 99% CI estimate has a margin of error of 1%Step by Step Solution
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