Question: QUESTION 04 (10 points) - Confidence Interval for in Finite Population Case A cohort of 3,972 veterans has an unknown probability of home ownership .
QUESTION 04 (10 points) - Confidence Interval for in Finite Population Case A cohort of 3,972 veterans has an unknown probability of home ownership . A simple random sample of 408 is drawn without replacement. The number of home owners in the sample is 169. (a) [2] Check if this is the finite population case. (b)[2] Check if the sampling distribution of the sample proportion can be approximately Normal. (c) [3] Construct the 98%Cl for the population proportion . Sketch the Cl. State if can be 0.40 . (d) [3] Construct the 95%Cl for the population proportion . Sketch the Cl. State if can be 0.35 . Hint: Round off probabilities and values to 4 decimal places. Sketch the corresponding z-value for each confidence interval, besides sketching the Cl itself. Refer to some Excel value lookuns: QUESTION 04 (10 points) - Confidence Interval for in Finite Population Case A cohort of 3,972 veterans has an unknown probability of home ownership . A simple random sample of 408 is drawn without replacement. The number of home owners in the sample is 169. (a) [2] Check if this is the finite population case. (b)[2] Check if the sampling distribution of the sample proportion can be approximately Normal. (c) [3] Construct the 98%Cl for the population proportion . Sketch the Cl. State if can be 0.40 . (d) [3] Construct the 95%Cl for the population proportion . Sketch the Cl. State if can be 0.35 . Hint: Round off probabilities and values to 4 decimal places. Sketch the corresponding z-value for each confidence interval, besides sketching the Cl itself. Refer to some Excel value lookuns
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
