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In a recent poll of 1,400 homeowners in the United States, one in four homeowners reports having a home equity loan that he or sheis
In a recent poll of 1,400 homeowners in the United States, one in four homeowners reports having a home equity loan that he or sheis currently paying off. Using a confidence coefficient of 0.95, derive an interval estimate for the proportion of all homeowners in the United States that hold a home equity loan. Use Table 1. (Round intermediate calculations to 4 decimal places. Round "z-value" and final answers to 3 decimal places.)
Confidence interval ______ to_______
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