According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance. Sample results, consistent with the CNBC report, showed 19 of 193 vehicles were not covered by insurance. a. What is the point estimate of the proportion of vehicles not covered by insurance (to 4 decimals)? b. Develop a 99% confidence interval for the population proportion (to 4 decimals).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance. Sample results, consistent with the CNBC report, showed 19 of 193 vehicles were not
covered by insurance.
a. What is the point estimate of the proportion of vehicles not covered by insurance (to 4 decimals)?
b. Develop a 99% confidence interval for the population proportion (to 4 decimals).
Transcribed Image Text:According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance. Sample results, consistent with the CNBC report, showed 19 of 193 vehicles were not covered by insurance. a. What is the point estimate of the proportion of vehicles not covered by insurance (to 4 decimals)? b. Develop a 99% confidence interval for the population proportion (to 4 decimals).
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