In a news story distributed by the Washington Post, Lew Sichelman reports that a substantial fraction of
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a. Find a point estimate of and a 95 percent confidence interval for p, the proportion of all first-year defaults that are approved on the basis of falsified applications.
b. Based on your interval, what is a reasonable estimate of the minimum percentage of all first-year defaults that are approved on the basis of falsified applications?
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Related Book For
Essentials Of Business Statistics
ISBN: 9780078020537
5th Edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
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