A survey of 1,026 people were asked about what they would do with an unexpected cash gift.

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A survey of 1,026 people were asked about what they would do with an unexpected cash gift. Forty-seven percent responded that they would pay off debts. 

a. With 95% confidence, what is the margin of error? 

b. Construct the 95% confidence interval for the population proportion of people who would pay off debts with an unexpected cash gift.

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Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

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