Solution-Confidence interval for the proportion of borrowers

Confidence interval for the proportion of borrowers

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Reference no: EM131470560

In a survey of 1 280 student loan borrowers, there were 1050 borrowers whose total debt was $10,000 or more. Of these, 192 left school without completing a degree. Consider the population to be borrowers whose total debt was $10,000 or more.

Give the left endpoint (lower boundary) of a 95% confidence interval for the proportion of borrowers who left school without completing a degree in this population.

Use the sample proportion p(hat)=X/n for estimation

Reference no: EM131470560

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Confidence interval for the proportion of borrowers : Give the left endpoint (lower boundary) of a 95% confidence interval for the proportion of borrowers who left school without completing a degree.

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Confidence interval for the proportion of borrowers

Reference no: EM131470560

Reference no: EM131470560

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