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The sports betting market is projected to reach $8 billion in 2025. The percent of people who engage in sports betting, howeves is harder to measure since sports betting is currently only legal in 111 states. One betting agency reported that a 95% confidence interval for the proportion of Americans who engage in sports betting to be (0.114, 0.206) (a) What was the value of for the betting agency's sample? The margin of eart (3 decimals) (2 decmas) (b) Two managers are discussing the above confidence interval Manager A says 15% of Americans engage in sports betting Manager 8 says 25% of Americans engage in sports betting with 95% confidence, who could be correct? Only Manager A Only Manager S Both Managers A and Neither Manager Anor () If the betting agency constructed a 99% interval instead of 95% interval, which would have the greater margin of error? The 95% cervel would have a greater margin of erroc The 99% derval would have a greater margin of

The sports betting market is projected to reach $8 billion in 2025. The percent of people who engage in sports betting, howeves is harder to measure since sports betting is currently only legal in 111 states. One betting agency reported that a 95% confidence interval for the proportion of Americans who engage in sports betting to be (0.114, 0.206) (a) What was the value of for the betting agency's sample? The margin of eart (3 decimals) (2 decmas) (b) Two managers are discussing the above confidence interval Manager A says 15% of Americans engage in sports betting Manager 8 says 25% of Americans engage in sports betting with 95% confidence, who could be correct? Only Manager A Only Manager S Both Managers A and Neither Manager Anor () If the betting agency constructed a 99% interval instead of 95% interval, which would have the greater margin of error? The 95% cervel would have a greater margin of erroc The 99% derval would have a greater margin of

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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The sports betting market is projected to reach 18 billion in 2025. The percent of people who engage in sports betting, however, is harder to measure since sports betting is currently only legel in 21 states. One betting agency reported that a 95% confidence interval for the proportion of Americans who engage in sports betting to be (0.114, 0.206) (2 decimals) (a) What was the value of for the betting agency's sample? The margin of error? (3 decimals) (b) Two managers are discussing the above confidence interval Manager A says 15% of Americans engage in sports betting; Manager B says 25% of Americans engage in sports betting, with 95% confidence, who could be correct? Only Manager A Only Manager 6 Both Managers A and Neither Manager Anor (e) If the betting agency constructed a 99% interval instead of 95% interval, which would have the greater margin of error? The 95% interval would have a greater margin of erroc The 99% vnterval would have a greater margin of error
Transcribed Image Text:The sports betting market is projected to reach 18 billion in 2025. The percent of people who engage in sports betting, however, is harder to measure since sports betting is currently only legel in 21 states. One betting agency reported that a 95% confidence interval for the proportion of Americans who engage in sports betting to be (0.114, 0.206) (2 decimals) (a) What was the value of for the betting agency's sample? The margin of error? (3 decimals) (b) Two managers are discussing the above confidence interval Manager A says 15% of Americans engage in sports betting; Manager B says 25% of Americans engage in sports betting, with 95% confidence, who could be correct? Only Manager A Only Manager 6 Both Managers A and Neither Manager Anor (e) If the betting agency constructed a 99% interval instead of 95% interval, which would have the greater margin of error? The 95% interval would have a greater margin of erroc The 99% vnterval would have a greater margin of error
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