A Retirement Confidence Survey of 1168 workers and retirees in the United States 25 years of age or older found that 438 had less than $10,000 in savings. Construct a 95% confidence interval and determine if it suggests that more than 50% of workers and retirees in the United States 25 years of age or older have less than $10,00o in savings. O Yes, because all values in the 95% confidence interval are more than 0.5. O No, because all values in the 95% confidence interval are more than 0.5. O No, because all values in the 95% confidence interval are less than 0.5. O Yes, because all values in the 95% confidence interval are less than 0.5.

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A Retirement Confidence Survey of 1168 workers and retirees in the United States 25 years of age or older found that 438 had less than $10,000 in
savings. Construct a 95% confidence interval and determine if it suggests that more than 50% of workers and retirees in the United States 25 years of age
or older have less than $10,00o in savings.
Yes, because all values in the 95% confidence interval are more than 0.5.
No, because all values in the 95% confidence interval are more than 0.5.
No, because all values in the 95% confidence interval are less than 0.5.
Yes, because all values in the 95% confidence interval are less than 0.5.
Transcribed Image Text:A Retirement Confidence Survey of 1168 workers and retirees in the United States 25 years of age or older found that 438 had less than $10,000 in savings. Construct a 95% confidence interval and determine if it suggests that more than 50% of workers and retirees in the United States 25 years of age or older have less than $10,00o in savings. Yes, because all values in the 95% confidence interval are more than 0.5. No, because all values in the 95% confidence interval are more than 0.5. No, because all values in the 95% confidence interval are less than 0.5. Yes, because all values in the 95% confidence interval are less than 0.5.
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