Question: 7. Using the normal approximation to the binomial, the company's data analyst correctly computes a 95% condence interval of 0.565 1 0.123. Which of the

 7. Using the normal approximation to the binomial, the company's data

7. Using the normal approximation to the binomial, the company's data analyst correctly computes a 95% condence interval of 0.565 1 0.123. Which of the following gives a correct interpretation of this interval? A. Based on this sample, we are 95% condent that at least 56.5% of IAL employees are happy with their jobs. B. Based on this sample, we are 95% condent that more than 50% of IAL employees are happy with their jobs. C. Based on this sample, we are 95% condent that fewer than 50% of IAL employees are happy with their jobs. D. Based on this sample we are 95% condent that fewer than 70% of IAL employees are happy with their jobs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!