research company has carried out a poll to find out about people’s economic outlook. 894 of 1854 young adults (aged between 20–29 years) said that the economic situation is likely to improve over the next year. By contrast, 1292 of 2243 mature adults (aged between 30–39 years) agreed with this statement.) Calculate the upper limit of an 80% confidence interval for the difference between the proportions of people holding this optimistic view in the two age groups in the population. Form the confidence interval around a positive point estimate for the difference between the proportions. In order to obtain a positive point estimate, make sure you subtract the lower value from the higher value when calculating the difference between the sample proportions. Provide your answer as a number between 0 and 1 rounded to 4 decimal places.
A research company has carried out a poll to find out about people’s economic outlook. 894 of 1854 young adults (aged between 20–29 years) said that the economic situation is likely to improve over the next year. By contrast, 1292 of 2243 mature adults (aged between 30–39
years) agreed with this statement.)
Calculate the upper limit of an 80% confidence interval for the difference between the proportions of people holding this optimistic view in the two age groups in the population. Form the confidence interval around a positive point estimate for the difference between the proportions. In order to obtain a positive point estimate, make sure you subtract the lower value from the higher value when calculating the difference between the sample proportions. Provide your answer as a number between 0 and 1 rounded to 4 decimal places.
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