Question: Question 3 This question is on one page with two parts. In a survey of 1118 U.S. adults conducted by the Financial Regulatory Authority, 626

 Question 3 This question is on one page with two parts.

Question 3 This question is on one page with two parts. In a survey of 1118 U.S. adults conducted by the Financial Regulatory Authority, 626 said they always pay their credit cards in full each month. Be sure to include a one-sentence interpretation of your results. 1) Construct a 95% confidence interval for the proportion of U.S. adults who pay their credit card in full each month. Put your calculations in the yellow cells. sample proportion critical value standard error margin of error lower bound upper bound Interpretation: 2) A educator wants to construct a 98% confidence interval for the proportion of elementary school children in Colorado who are proficient in reading. Previous studies indicate that the proportion is p =0.70 . What sample size is needed so that the interval will have a margin of error of ME = 0.05 ? n

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