In the Rental Data box there are a total number of 22 No's and 16 Yes's. I need the solution and the answer for (b). KFITOOLULTTET.The data represent the status of licenses for short-term rentals in New Orleans, where "Yes", indicates the license isexpired and "No" indicates the license is not expired.(a) What type of variable is the variable "Expired" in the data set?TU(b) Estimate with 95% confidence the likelihood that you will select a short-term rental in New Orleans where thelicense is expired. Be sure all model requirements for obtaining the estimate are satisfied. Hint: There are 13,422short-term rentals in New Orleans.Click the icon to view the rental data.(a) The variable "Expired" is a qualitative variable.(b) Select the correct choice below and, if necessary, fill in any answer boxes to complete your choice.O A. All model requirements for obtaining the estimate are satisfied. The lower bound of the confidence interval isand the upper bound is(Type integers or decimals rounded to three decimal places as needed. Use ascending order.)00000-4.0O B. At least one of the model requirements for obtaining the estimate is not satisfied. KFITOOLULTTET.The data represent the status of licenses for short-term rentals in New Orleans, where "Yes", indicates the license isexpired and "No" indicates the license is not expired.(a) What type of variable is the variable "Expired" in the data set?TU(b) Estimate with 95% confidence the likelihood that you will select a short-term rental in New Orleans where thelicense is expired. Be sure all model requirements for obtaining the estimate are satisfied. Hint: There are 13,422short-term rentals in New Orleans.Click the icon to view the rental data.(a) The variable "Expired" is a qualitative variable.(b) Select the correct choice below and, if necessary, fill in any answer boxes to complete your choice.O A. All model requirements for obtaining the estimate are satisfied. The lower bound of the confidence interval isand the upper bound is(Type integers or decimals rounded to three decimal places as needed. Use ascending order.)00000-4.0O B. At least one of the model requirements for obtaining the estimate is not satisfied.

Answered: (b) Estimate with 95% confidence the…

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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(b) Estimate with 95% confidence the likelihood that you will select a short-term rental in New Orleans where the license is expired. Be sure all model requirements for obtaining the estimate are satisfied. Hint: There are 13,422 short-term rentals in New Orleans.