A demographic study of Great County shows a high number of workers approaching retirement age. You are considering part-time work in real estate sales and want to determine if many houses will be sold as a result of workers' retiring and moving. According to Merrill Lynch, when 600 randomly selected full-time workers in the 45-64 age bracket were surveyed, 75% of them planned to remain in their current homes after they retired. Construct a 90% confidence interval for the true proportion of all such workers with that intent.
|a.||approximately 0.72 to 0.78|
|b.||approximately 0.76 to 0.795|
|c.||approximately 0.75 to 0.82|
|d.||approximately 0.70 to 0.80|
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Oct 14, 2020EXPERT
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