QUESTION 7 If the proportion of Mastercard transactions in a sample of various credit card transactions is equal to 0.554 and the sample size is 117, what is the margin of error for the corresponding 94% confidence interval to estimate the proportion of Mastercard transactions in the population? Assume that the conditions for the sampling distribution to be approximately normal are satisfied Use Excel to calculate and round your answer to 4 decimals.

QUESTION 7 If the proportion of Mastercard transactions in a sample of various credit card transactions is equal to 0.554 and the sample size is 117, what is the margin of error for the corresponding 94% confidence interval to estimate the proportion of Mastercard transactions in the population? Assume that the conditions for the sampling distribution to be approximately normal are satisfied Use Excel to calculate and round your answer to 4 decimals.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Find the mean of the given probability distribution. 6) In a certain town, 40% of adults have a college degree. The accompanying table describes the probability distribution for the number of adults (among 4 randomly selected adults) who have a college degree. 6) P(x) 0|0.1296 10.3456 2 0.3456 3 0.1536 4 0.0256 A) µ= 1.73 B ) μ= 2.00 Ομ= 16 D) µ = 1.50