The National Football League (NFL) is interested in determining whether the average age of its fan base
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Required:
a. Construct a precision interval for each of these samples.
b. Given the sampling risk of 5 percent, provide a single- sentence summary of the results to the NFL for each sample.
c. What is your basic conclusion regarding each sample?
d. If the NFL increased its acceptable level of sampling risk, how would that affect the precision interval and your conclusions? If they decreased the acceptable level of sampling risk, how would that affect the precision interval and your conclusions? Why?
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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