The articlenbspstudents increasingly turn tonbspcredit


The article "Students Increasingly Turn to Credit Cards" (San Luis Obispo Tribune, July 21, 2006)reported that 37% of college freshmen and 48% of col- lege seniors carry a credit card balance from month to month. Suppose that the reported percentages  were based on random samples of 1000 college freshmen and 1000 college seniors.

a. Construct a 90% confidence interval for the propor- tion of college freshmen who carry a credit card bal- ance from month to month.

b. Construct a 90% confidence interval for the propor- tion of college seniors who carry a credit card bal- ance from month to month.

c. Explain why the two 90% confidence intervals from Parts (a) and (b) are not the same width.

Request for Solution File

Ask an Expert for Answer!!
Business Management: The articlenbspstudents increasingly turn tonbspcredit
Reference No:- TGS01357419

Expected delivery within 24 Hours