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In: Statistics and Probability

In​ 2010, a survey of 2000 homes in a region found that 500 had overestimated market...

In​ 2010, a survey of 2000 homes in a region found that 500 had overestimated market values. Suppose you want to estimate​ p, the true proportion of homes in this region with market values that are overestimated.

The point estimate is 0.25

1) Find a 90​% confidence interval for p.

2) Give a practical interpretation of the confidence​ interval

3) Suppose a researcher claims that p equals= 0.18. Is the claim​ believable? Explain.

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orchestra answered 2 years ago
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