We are interested in finding the 95% confidence interval for the percent of executives who prefer trucks.

Question:

We are interested in finding the 95% confidence interval for the percent of executives who prefer trucks. Define random variables X and P′ in words.

Of 1,050 randomly selected adults, 360 identified themselves as manual laborers, 280 identified themselves as non-manual wage earners, 250 identified themselves as midlevel managers, and 160 identified themselves as executives. In the survey, 82% of manual laborers preferred trucks, 62%
of non-manual wage earners preferred trucks, 54% of mid-level managers preferred trucks, and 26% of executives preferred trucks.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

Question Posted: