Consider the sample of 600 past negligence cases. Suppose you are willing to let the 80% estimate
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Question:
Consider the sample of 600 past negligence cases. Suppose you are willing to let the 80% estimate be within .03 (3%) of the true proportion. You are willing to assume a 90% confidence. Construct a 90% confidence interval on the estimate of 80%. How would you interpret it?
Related Book For
Business Statistics in Practice Using Data Modeling and Analytics
ISBN: 978-1259549465
8th edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
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