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You have taken a random sample of 900 people to determine the proportion of people with plans to retire before 65 years of age. You
You have taken a random sample of 900 people to determine the proportion of people with plans to retire before 65 years of age. You have found that 190 have plans to retire before the age of 65. (a) Construct AND interpret a 90% confidence interval for the proportion of people who plan to retire before the age of 65. Show full details and Interpretation. Round the lower and upper bounds to 1 decimal place. A 90% confidence interval for the proportion of people with plans to retire before the age of 65 years is between Number % and Number % (b) An analyst claims that less than 14% of people have plans to retire before the age of 65. Based on the 90% confidence interval obtained in part (a) above, would the statement provided by the analyst be correct? O Cannot determine O Correct O Not correct
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