[solution] » A demographic study of Great County shows a high number of workers approaching retirement age.  You

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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, 2020

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