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.
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.
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