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In a recent poll of 800 homeowners in the United States, one in five homeowners reports having a home equity loan that he or sheis
In a recent poll of 800 homeowners in the United States, one in five homeowners reports having a home equity loan that he or sheis currently paying off. Using a confidence coefficient of 0.95, derive the interval estimate for the proportion of all homeowners in the United States that hold a home equity loan.(You may find it useful to reference thez table. Round intermediate calculations to at least 4 decimal places. Round "z" value and final answers to 3 decimal places.)
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