Question: Many Americans spend time worrying about paying their bills. A survey by Fleishman-Hilliard Research for MassMutual discovered that 60% of Americans with kids say that

Many Americans spend time worrying about paying their bills. A survey by Fleishman-Hilliard Research for MassMutual discovered that 60% of Americans with kids say that paying bills is a major concern. This proportion compares to 52% of Americans without kids. Suppose 850 Americans with kids and 910 without kids were contacted for this study. Use these data to construct a 95% confidence interval to estimate the difference in population proportions between Americans with kids and Americans without kids on this issue.

Step by Step Solution

★★★★★

3.52 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

n 1 850 n 2 910 1 60 2 52 ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

409-M-S-O-T-P (641).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

In March 2022, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2019. Serengeti acquired 5,000 shares of Thunder stock for the exercise price of $65...

A researcher wants to estimate the difference in population proportions for two populations using a 95% confidence interval. She samples 875 from the first population and 350 possess the...

Construct a 90% confidence interval to estimate the population mean. The standard deviation of the population is 20. They get a sample of size 30 and got a sample mean of 40?

Many Americans spend time worrying about paying their bills. A survey by Fleishman-Hilliard Research for MassMutual discovered that 60% of Americans with kids say that paying bills is a major...

Please use 6 step format & show work through minitab!! will thumbs up!! Use the six step process to determine if the proportions are equal. Place calculations for approximation of binomial with...

Use the six step process to determine if the proportions are equal. Place calculations for approximation of binomial with normal in Assumptions section. Be sure to include values from the Minitab...

I am asking someone to check my work and tell me how I did or if something needs to be changed or anything else. Question = Use the six step process to determine if the proportions are equal. Place...

Note this is the same question asked againon purpose for comparing answers, if you have already answered this question do not answer again Use the six step process to determine if the proportions are...

Read personal instructions at bottom Use the six step process to determine if the proportions are equal. Place calculations for approximation of binomial with normal in Assumptions section. Be sure...

L & S have invested $80,000 and $100,000 in a partnership. Ls beginning capital investment is $80,000 and S initial capital investment is $100,000. Their ending capital balances were $85,000 and...

ratives of Inverse Trig Functions Question Mys Evaluate if possible the limit lim ? a r c s e c x x - 2 3 2 lim a r c s e c x = Enter an exact answer or if the limit does not exist write DNE x - 2 3...

If a circuit contains 3 automatic switches and we want that, with a probability of 95%, during a given time interval they are all working, what probability of failure per time interval can we admint...

Record the following transactions on the books of Kuist Co. (Omit cost of goods sold entries.) (a) On July 1, Kuist Co. sold merchandise on account to Firer Inc. for $23,000, terms 2/10, n/30. (b) On...

Identify the factors that are relevant in determining the annual depreciation charge, and explain whether these factors are determined objectively or whether they are based on judgment.

A pendulum consists of a 2.0 kg stone swinging on a 4.0 m string of negligible mass. The stone has a speed of 8.0 m/s when it passes its lowest point. (a) What is the speed when the string is at 60"...

Match each situation with the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it. (a) An employees monthly credit card payments are nearly 75% of their...

Explain why infrastructure should be considered as a separate asset class from property in terms of investment.

Listed here are 30 different weekly TSX composite stock averages. Construct a stem-and-leaf plot for these 30 values. Let each leaf contain two digits. 9,656 9,742 9,200 9,976 9,344 9,996 9,301 9,830...

It is commonly known that the Canadian-to-U.S. dollar exchange rate affects the number of Canadian travellers to the U.S. and also the number of travellers to Canada from the U.S. The following data...

Shipping a 40-foot (12-m) container by boat from Shanghai to Vancouver takes, on average, 16 days. However, due to several possible circumstances, shipping times can vary. Suppose a transportation...

#47 Allen Lumber Company had earnings after taxes of $570, 000 in the year 2009 with 430, 000 shares outstanding on December 31, 2009 On January 1, 2010, the firm issued 38,000 new shares. Because of...

Ang Electronics, Incorporated, has developed a new mesh network. If successful, the present value of the payoff (when the product is brought to market) is $34.6 million. If the mesh network fails,...

I need help to complete this report for Home Depot for the following: Financial Calculations. Calculate accurate financial formulas to assess the businesss current financial health. Specifically,...