(p. 163). The Stats NZ Tatauranga Aotearoa estimates that in the 12 months to December 2020, there...
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(p. 163). The Stats NZ Tatauranga Aotearoa estimates that in the 12 months to December 2020, there were 1911 lambs and 377 adult sheep on sheep farms across the country. Let p represent the true proportion of all adult sheep in the 12 months of December 2020.
a. Find the point estimate of p.
b. Find a 95% confidence interval for p.
c. Interpret the confidence interval in part
b. d. Explain the theoretical meaning of the confidence interval, .95.
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Related Book For
Statistics For Business And Economics
ISBN: 9781292413396
14th Global Edition
Authors: James McClave, P. Benson, Terry Sincich
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