Suppose the survey in the previous exercise also asked those who were not in the top 1% whether they believed that within 5 years they would be in the top 1% (1 = will not be in top 1% within 5 years and 2 = will be in top 1% within 5 years). Estimate with 95% confidence the number of Americans who believe that they will be in the top 1% of income earners within 5 years.
Answer to relevant QuestionsThe National Hockey League’s Florida Panthers play in the BB&T center. The cost of parking is $20. However, Lexus occasionally pays the cost by offering free parking to drivers of Lexus cars. A statistician wanted to ...According to FBI statistics, there were 342,000 robberies in the United States in 2009 (latest statistics available). A random sample of robberies was drawn and the amount of loss was recorded. Estimate with 95% confidence ...There are 138,592,000 workers in the United States. An economist took a random sample of 550 workers and recorded how they commuted to work (1 = drive alone, 2 = car pool, 3 = public transportation, 4 = walked, 5 = other, ...Refer to Exercise 12.161. Suppose the engineers recoded the data so that springs that were the correct length were recorded as 1, springs that were too long were recorded as 2, and springs that were too short were recorded ...Refer to Exercise 12.171. In 2006 the financial obligations ratio for renters was 25.97. Can we infer that financial obligations ratio for renters have increased between 2006 and this year 2009?
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