A real estate company claims that 44% of all home buyers find their real estate agentthrough a friend. In your work for this company, you find that in a sample of 1762 homebuyers, 712 found their real estate agent through a friend. Can you reject the company’s claim at the 0.01 significance level? Find the proper confidence interval (CI) to test this claim as well.Explain how this verifies the hypothesis test. What level CI should you create? What is your CI? Explain how this verifies your results

A real estate company claims that 44% of all home buyers find their real estate agentthrough a friend. In your work for this company, you find that in a sample of 1762 homebuyers, 712 found their real estate agent through a friend. Can you reject the company’s claim at the 0.01 significance level? Find the proper confidence interval (CI) to test this claim as well.Explain how this verifies the hypothesis test. What level CI should you create? What is your CI? Explain how this verifies your results

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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