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The Florida Real Estate board claims that 62% of those families who plan to purchase a vaca residence in Florida want a condominium. A random sample of 36 families who planned to vacation residence revealed that 22 families want a condominium. Devise a Confidence Inte a) using the .99 confidence level. b) Change the confidence level to .95 and construct a confidence interval.

The Florida Real Estate board claims that 62% of those families who plan to purchase a vaca residence in Florida want a condominium. A random sample of 36 families who planned to vacation residence revealed that 22 families want a condominium. Devise a Confidence Inte a) using the .99 confidence level. b) Change the confidence level to .95 and construct a confidence interval.

MATLAB: An Introduction with Applications
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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Please round it to 4 decimal places and add the excel formulas as well.

) The Florida Real Estate board claims that 62% of those families who plan to purchase a vacation residence in Florida want a condominium. A random sample of 36 families who planned to buy a vacation residence revealed that 22 families want a condominium. Devise a Confidence Intervals: a) using the .99 confidence level. b) Change the confidence level to .95 and construct a confidence interval. c) Use the .95 confidence level and increase the "n" to 196 to find the confidence interval. d) Are you confident the Florida Real Estate Board is correct, using n = 36? Explain why or why not.
Transcribed Image Text:) The Florida Real Estate board claims that 62% of those families who plan to purchase a vacation residence in Florida want a condominium. A random sample of 36 families who planned to buy a vacation residence revealed that 22 families want a condominium. Devise a Confidence Intervals: a) using the .99 confidence level. b) Change the confidence level to .95 and construct a confidence interval. c) Use the .95 confidence level and increase the "n" to 196 to find the confidence interval. d) Are you confident the Florida Real Estate Board is correct, using n = 36? Explain why or why not.
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