Question
Teen Cigarette Use Is Down The US Centers for Disease Control conducts the National Youth Tobacco Survey each year. The preliminary results 3 of 2019
Teen Cigarette Use Is Down The US Centers for Disease Control conducts the National Youth Tobacco Survey each year. The preliminary results3 of 2019 show that e-cigarette use is up among US teens while cigarette use is down. We examined e-cigarette use in Exercise 3.137 and here we estimate cigarette use. In the sample of 1582 teens, 92 reported smoking a cigarette in the last 30 days.
a. Give notation and define the parameter we are estimating.
b. Give notation and value of the sample statistic.
c. Find the standard error for this estimate.
d. What is z* for a 99% confidence interval?
e. What is the 99% confidence interval?
f. What is the best estimate for the parameter we are estimating? What is the margin of error?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
