Kevin is looking to invest his money in a local investment company called Robin Hood financial...
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Kevin is looking to invest his money in a local investment company called Robin Hood financial services. To ensure his investment is safe and has good returns, he randomly surveys people who invested with the company and asks whether they would recommend the company for investment. Of the 420 people surveyed, 265 recommend Robin Hood financial services for investment. Using this data, Kevin wants to estimate the actual proportion of people who recommend Robin Hood financial services for investment. What is the lower bound for a 90% confidence interval? Give your answer to 4 decimal places. Kevin is looking to invest his money in a local investment company called Robin Hood financial services. To ensure his investment is safe and has good returns, he randomly surveys people who invested with the company and asks whether they would recommend the company for investment. Of the 420 people surveyed, 265 recommend Robin Hood financial services for investment. Using this data, Kevin wants to estimate the actual proportion of people who recommend Robin Hood financial services for investment. What is the lower bound for a 90% confidence interval? Give your answer to 4 decimal places.
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To calculate the lower bound for a 90 confidence interval we can use a formula for the confidenc... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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