A survey of 1,026 people were asked about what they would do with an unexpected cash gift.
Question:
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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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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