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| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
9.46Â In examining a simple random sample of 100 sales invoices from several thousand such invoices for the previ- ous year, a researcher finds that 65 of the invoices involved customers who bought less than $2000 worth of merchan- dise from the company during that year. Construct a 90% confidence interval for the proportion of all sales invoices that were for customers buying less than $2000 worth of merchandise during the year.
9.47  It has been estimated that 48% of U.S. households headed by persons in the 35–44 age group own mutual funds. Assuming this finding to be based on a simple random sample of 1000 households headed by persons in this age group, construct a 95% confidence interval
for 7T 5 the population proportion of such households that own mutual funds. Source: Investment Company Institute, Investment Company Fact Book 2008, p.  72.
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