Independent random samples were selected from two binomial populations, with sample sizes and the number of successes given below. n₁ = 1,450, n₂ = 1,300, x₁ = 555, x₂ = 636 Find the best point estimate for the difference in the population proportion of successes. (Use P₁ - P₂. Round your answer to four decimal places.) Calculate the 95% margin of error. (Round your answer to four decimal places.)

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Independent random samples were selected from two binomial populations, with sample sizes and the number of successes given below.
n₁ = 1,450, n₂ = 1,300, x₁ = 555, x₂ = 636
Find the best point estimate for the difference in the population proportion of successes. (Use p₁ - P₂. Round your answer to four decimal places.)
Calculate the 95% margin of error. (Round your answer to four decimal places.)
Transcribed Image Text:Independent random samples were selected from two binomial populations, with sample sizes and the number of successes given below. n₁ = 1,450, n₂ = 1,300, x₁ = 555, x₂ = 636 Find the best point estimate for the difference in the population proportion of successes. (Use p₁ - P₂. Round your answer to four decimal places.) Calculate the 95% margin of error. (Round your answer to four decimal places.)
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