1. The unemployment rate for Black Americans 16-19 years old is 24.3%. The unemployment rate for White Americans 16-19 years old is 11.3%. Fifty people were sampled in each population. Use this information to answer the following questions.
2. Construct a 95% confidence interval around the unemployment rate for Black Americans 16-19 years old. Report the upper and lower bounds.
3. Construct a 95% confidence interval around the unemployment rate for White Americans 16-19 years old. Report the upper and lower bounds.
4. Using the two confidence intervals as evidence, do you believe that the unemployment rate for Black Americans 16-19 years old is larger than the unemployment rate for White Americans 16-19 years old? Explain this result.