In: Statistics and Probability
It is said that 85% of NFL players will have a “short” career of less than 5 seasons. Of the 1696 players in the NFL, 1476 of them have been playing for less than 5 years. Is the actual proportion likely to be higher than 85%? State a maximum confidence level.
The maximum confidence level is 99%
Therefore, 99% confidence interval for population proportion is (0.849, 0.891)
NO, the actual proportion is likely to be not higher than 85% since 85% is in the above interval