Out of 72,000 (N) households, 244 (n) were surveyed. Of those surveyed, 64 reported that they had received unemployment benefits. a) Would this require using the Finite Population Correction Factor? Explain why or why not? b) Regardless of your answer above, calculate the FPCF. c) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 10% significance level using the FPCF. d) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 2% significance level using the FPCF.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Please round it to 4 decimal places and add the excel formulas as well.

Out of 72,000 (N) households, 244 (n) were surveyed. Of those surveyed, 64 reported that they had received unemployment benefits.

a) Would this require using the Finite Population Correction Factor? Explain why or why not?

b) Regardless of your answer above, calculate the FPCF.

c) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 10% significance level using the FPCF.

d) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 2% significance level using the FPCF.
Transcribed Image Text:Out of 72,000 (N) households, 244 (n) were surveyed. Of those surveyed, 64 reported that they had received unemployment benefits. a) Would this require using the Finite Population Correction Factor? Explain why or why not? b) Regardless of your answer above, calculate the FPCF. c) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 10% significance level using the FPCF. d) Calculate a Confidence interval for the proportion of unemployment beneficiaries at the 2% significance level using the FPCF.
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