In a random survey of 226 selfemployed individuals, 20 reported having had their tax returns audited by

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In a random survey of 226 selfemployed individuals, 20 reported having had their tax returns audited by the Canada Revenue Agency in the past year. Estimate the proportion of self-employed individuals nationwide who’ve been audited in the past year.

a) Check the assumptions and conditions (to the extent you can) for constructing a confidence interval.

b) Construct a 95% confidence interval.

c) Interpret your interval.

d) Explain what “95% confidence” means in this context.

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Related Book For  answer-question

Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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