In 2017, 42.54% of the nearly 2.7 million reports taken nationwide by the Federal Trade Commissions Consumer

Question:

In 2017, 42.54% of the nearly 2.7 million reports taken nationwide by the Federal Trade Commission’s Consumer Sentinel Network dealt with instances of fraud. Consider results of a random sample of 42,296 of the reports taken by the Consumer Sentinel Network from Florida that are provided the file FloridaFraud. 

a. What is the sample proportion of reports filed from Florida that dealt with instances of fraud? 

b. Using 95% confidence, what is the margin of error? 

c. Using the results from parts (a) and (b), develop the 95% confidence interval estimate of the proportion reports filed from Florida that dealt with instances of fraud. What do you conclude about Florida from these results?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Statistics For Business & Economics

ISBN: 9781337901062

14th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

Question Posted: