Question
In: Statistics and Probability
3. You would like to estimate the proportion of student loan debts that are in...
3. You would like to estimate the proportion of student loan debts that are in default. You randomly select 211 people who have student loans and find that 25 are in default.
A. Construct a 95% confidence interval to estimate the proportion of student loans that are in default. (Round your sample proportion to 4 decimal points as well as round your margin of error to 4 decimal points. For example, .23916 would be .2392 and this represents 23.92%. State the answer as an interval – for example, 27.36% to 31.43%).
B. Using the same confidence level, you would like the margin of error to be with 3%, how many people with student loans should you sample?
Solutions
orchestra answered 1 year agoRelated Solutions
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estimate the true proportion of all university students who have
student loans. According to the study, in a random sample of 215
university students, 86 have student loans.
(a) Construct a 99% confidence interval for
estimating the true proportion of all university students who have
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(1mark)
(c) Conduct an appropriate
hypothesis test, at the 1% level...
The university would like to conduct a study to estimate the true proportion of all university...
The university would like to conduct a study to estimate the
true proportion of all university students who have student loans.
According to the study, in a random sample of 215 university
students, 86 have student loans. (a) Construct a 95% confidence
interval for estimating the true proportion of all university
students who have student loans (b) Provide an
interpretation of the confidence interval in part (a). (1mark) (c)
Conduct an appropriate hypothesis test, at the 5% level of
significance...
The university would like to conduct a study to estimate the true proportion of all university...
The university would like to conduct a study to estimate the
true proportion of all university students who have student loans.
According to the study, in a random sample of 215 university
students, 86 have student loans. (a) Construct a 99% confidence
interval for estimating the true proportion of all university
students who have student loans (b) Provide an
interpretation of the confidence interval in part (a). (1mark) (c)
Conduct an appropriate hypothesis test, at the 1% level of
significance...
the university would like to conduct a study to estimate the true proportion of all university...
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the true proportion of all university students who have student
loans. According to the study, in a random sample of 215 university
students, 86 have student loans.
(a) Construct a 95% confidence interval for estimating
the true proportion of all university students who have student
loans
(b) Provide an interpretation of the confidence interval
in part (a).
(c) Conduct an appropriate hypothesis
test, at the 5% level of significance to...
The university would like to conduct a study to estimate the true proportion of all university...
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loans. According to the study, in a random sample of 215 university
students, 86 have student loans.
(a) Construct a 95% confidence interval for estimating
the true proportion of all university students who have student
loans (2 marks)
(b) Provide an interpretation of the confidence interval
in part (a). (1mark)
(c) Conduct an appropriate hypothesis
test, at the 5% level...
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purchase concessions at the first basketball game of the season.
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sold out. It was discovered that a total of 230 fans out of a
random sample of 500 purchased concessions during the game.
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