Sampling and EstimationsIn a survey of banking habits of the population,1000 persons were interviewed. Of these the480 hadan account with nationalised banks only, 320had an account with private sector bank onlyandremaining did not have any account in any ofthe banks.Assuming that this is a random sample,construct a 95% confidence interval for the trueproportion ofthe population having banking relations witheither the nationalised banks or the privatesector bankingAlso assume that the events of havingaccounts with nationalised bank and privatesector bank aremutually exclusive.

It ia given that Sample size n = 100 Number of persons having banking relations with either the…

Answered: construct a 95% confidence interval for…

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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construct a 95% confidence interval for the true proportion of the population having banking relations with either the nationalised banks or the private sector banking