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A financial officer for a company wants to estimate the percent of accounts receivable that are more than 30 days overdue. He randomly surveys 500 accounts and finds that 300 are more than 30 days overdue. Compute a 90% confidence interval for the true percent of accounts receivable that are more than 30 days

A financial officer for a company wants to estimate the percent of accounts receivable that are more than 30 days overdue. He randomly surveys 500 accounts and finds that 300 are more than 30 days overdue. Compute a 90% confidence interval for the true percent of accounts receivable that are more than 30 days

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 23PPS
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A financial officer for a company wants to estimate the percent of accounts receivable that are more than 30 days overdue. He randomly surveys 500 accounts and finds that 300 are more than 30 days overdue. Compute a 90% confidence interval for the true percent of accounts receivable that are more than 30 days overdue. Input your answer as a lower end and upper end of your interval. Round to the nearest thousandth (three decimal places), if necessary. Lower End: Upper End:
Transcribed Image Text:A financial officer for a company wants to estimate the percent of accounts receivable that are more than 30 days overdue. He randomly surveys 500 accounts and finds that 300 are more than 30 days overdue. Compute a 90% confidence interval for the true percent of accounts receivable that are more than 30 days overdue. Input your answer as a lower end and upper end of your interval. Round to the nearest thousandth (three decimal places), if necessary. Lower End: Upper End:
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