Calculate a ninety five percent confidence interval, Microeconomics

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Calculate a ninety five percent confidence interval

Assume that we have selected two independent random samples from populations having proportions p1 and p2 and that 1 = 800/1000 = 0.8 and 2 = 950/1000 = 0.95. Calculate a 95 percent confidence interval for p1 - p2. Interpret this interval. Can we be 95 percent confident that p1 - p2 is less than 0? That is, can we be 95 percent confident that p1 is less than p2?

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Microeconomics: Calculate a ninety five percent confidence interval

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Microeconomics: Calculate a ninety five percent confidence interval

Reference No:- TGS066600

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Partnership interest in the current year

Q : Academic credibility relate to critical thinking

Q : Intertemporal budget constraint in future value terms

Q : James and pete realized gains on exchange

Q : Calculate a ninety five percent confidence interval

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate a ninety five percent confidence interval

Reference No:- TGS066600

Recent Questions Asked Microeconomics

Q : Partnership interest in the current year

Q : Academic credibility relate to critical thinking

Q : Intertemporal budget constraint in future value terms

Q : James and pete realized gains on exchange

Q : Calculate a ninety five percent confidence interval

Q : Compare and contrast the relative importance

Q : What is the indirect labor cost

Q : Exchange solely for an ownership interest

Q : Calculate the deadweight loss from monopoly

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