According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance

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According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance (CNBC, February 23, 2006). Sample results, consistent with the CNBC reports showed 46 of 200 vehicles were not covered by insurance.

a. What is the point estimate of the proportion of vehicles not covered by insurance?

b. Develop a 95% confidence interval for the population proportion.

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Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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Question Posted: Feb 16, 2015 02:03 AM

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According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance

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Essentials Of Statistics For Business And Economics

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