Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser. What is the correct interpretation of the 99% confidence interval? Select the correct answer below: We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.
Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser. What is the correct interpretation of the 99% confidence interval? Select the correct answer below: We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.
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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Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser.
What is the correct interpretation of the 99% confidence interval?
Select the correct answer below:
We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274.
We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274.
We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.
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