Isaiah has $145 in his savings account. He earns $36 a week mowing lawns.
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Answer:
The 95% confidence interval estimate of the population proportion of managers who have caught salespeople cheating on an expense report is (0.5116, 0.6484).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
In the survey on 200 managers, 58% of the managers have caught salespeople cheating on an expense report.
This means that
95% confidence level
So , z is the value of Z that has a pvalue of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
The 95% confidence interval estimate of the population proportion of managers who have caught salespeople cheating on an expense report is (0.5116, 0.6484).