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The Florida Real Estate board claims that 62% of those families who plan to purchase a vacation residence in Florida want a condominium. A random
The Florida Real Estate board claims that 62% of those families who plan to purchase a vacation residence in Florida want a condominium. A random sample of 36 families who planned to buy a vacation residence revealed that 22 families want a condominium. Devise a Confidence intervals: a) using the .99 confidence level. b) Change the confidence level to .95 and construct a confidence interval. c) Use the .95 confidence level and increase the "n" to 196 to find the confidence interval. d) Are you confident the Florida Real Estate Board is correct, using n = 36? Explain why or why not
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