**Understanding Confidence Intervals for Female Entrepreneurs****Context:** A sample consisting of 50 female entrepreneurs was surveyed, and 9 of them reported that they experience credit constraints in their businesses.**Objective:** Calculate the 95% and 90% confidence intervals (CI) for the proportion of female entrepreneurs who are credit constrained in their businesses.**Explanation:** - **Sample Size (n):** 50- **Number Reporting Credit Constraints:** 9Confidence intervals provide a range of values that likely contain the true proportion of a population parameter. In this case, we are estimating the proportion of all female entrepreneurs who might be credit constrained based on our sample.The calculation involves:1. Determining the sample proportion ($ \hat{p} $).2. Using standard formulas and a Z-distribution to calculate the confidence intervals for different confidence levels.This exercise helps in understanding how statistical evidence can be used to infer characteristics about a larger population from a sample.

Given data,n=50credit constraint is x=9Proportion of credit constraint is p=xn=950=0.18Construct 90%…

Answered: Sample n = 50 female entrepreneurs, 9…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Sample n = 50 female entrepreneurs, 9 said constrained in their business Find the 95% Cl and the 90% for the propon entrenreneurs are credit constrained in their