management of a health insurance company wants to know the percentage of its policyholders who have tried alternative treatments (such as acupuncture, herbal therapy, etc.). A random sample of 24 of the company's policyholders were asked whether or not they have ever tried such treatments. The following are their responses. Yes No No Yes No Yes No No No Yes No No Yes No Yes No No No Yes No No No Yes No Round to 5 decimals. (a) What is the point estimate of the corresponding population proportion? (b) Construct a 99% confidence interval for the percentage of this company's policyholders who have tried alternative treatments.
management of a health insurance company wants to know the percentage of its policyholders who have tried alternative treatments (such as acupuncture, herbal therapy, etc.). A random sample of 24 of the company's policyholders were asked whether or not they have ever tried such treatments. The following are their responses. Yes No No Yes No Yes No No No Yes No No Yes No Yes No No No Yes No No No Yes No Round to 5 decimals. (a) What is the point estimate of the corresponding population proportion? (b) Construct a 99% confidence interval for the percentage of this company's policyholders who have tried alternative treatments.
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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The management of a health insurance company wants to know the percentage of its policyholders who have tried alternative treatments (such as acupuncture, herbal therapy, etc.). A random sample of 24 of the company's policyholders were asked whether or not they have ever tried such treatments. The following are their responses.
Yes No No Yes No Yes No No
No Yes No No Yes No Yes No
No No Yes No No No Yes No
Round to 5 decimals. (a) What is the point estimate of the corresponding population proportion?
(b) Construct a 99% confidence interval for the percentage of this company's policyholders who have tried alternative treatments.
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