Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Phstat output needed, show your work. The manager of a bank that has 1,000 depositors wants you to estimate the proportion of its depositors with
Phstat output needed, show your work. The manager of a bank that has 1,000 depositors wants you to estimate the proportion of its depositors with more than one account at the bank. A random sample of 100 depositors is selected, and 30 state that they have more than one account at the bank.
- Construct a 90% confidence interval estimate of the population proportion of the bank's depositors who have more than one account at the bank.
- Interpret the interval estimate.
- Given the margin of error in (a), what sample size is needed to estimate the population proportion to within with 90% confidence?
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