QUESTION 15An insurance company proposes two health insurance plans for the employees of a company. Plan A is the basic plan and covers only themedication expenses in case of hospitalization, whereas Plan B reimburses all medical expenses of the employees. As a humanressources manager, you are required to estimate how many employees will opt for Plan B. The manager randomly asks 74 emplyeesand 21 of them prefer Plan B. Find the lower confidence limite (LCL) of the 98% confidence interval estimate for the populationproportion of employees who will prefer Plan B. Round your answer to three decimal places.

Given information, A company has two health insurance plan for the employees as plan A and plan B.…

Answered: An insurance company proposes two…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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