An insurance company proposes two health insurance plans for the employees of a company. Plan A is the basic plan andcovers only the medication expenses in case of hospitalization, whereas Plan B reimburses all medical expenses of theemployees. As a human ressources manager, you are required to estimate how many employees will opt for Plan B. Themanager randomly asks 94 emplyees and 24 of them prefer Plan B. Find the lower confidence limite (LCL) of the 98%confidence interval estimate for the population proportion of employees who will prefer Plan B. Round your answer tothree decimal places.

Answered: Image /qna-images/answer/192aabcf-caa4-42f1-bc84-52ea5e5d3a80.jpg

Answered: An insurance company proposes two…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

help
In a random sample of 400 adults in a small town, 189 of them participated in some form of adult education. Find a 98% confidence interval for the population proportion of adults in the town who participate in adult education
Wildlife biologists inspect 200 deer taken by hunters and find 45 of them carrying Lyme disease ticks. What would be the margin of error for this study with a 90% confidence interval?
At one large college, 660 out of the 1500 students surveyed said they plan to take another science class.Find the 95% confidence interval for the proportion of students that said they plan to take another science class.
A student polls his school to see if students in the school district are for or against the new legislation regarding school uniforms. She surveys 600 students and finds that 480 are against the new legislation. Compute a 95% confidence interval for the true percent of students who are against the new legislation, and interpret the confidence interval.
A political researcher takes a survey of 310 randomly selected registered voters in Orlando, and each person was asked who they plan on voting for in the 2024 presidential election. 110 said they plan on voting for Candidate A, 185 said they plan on voting for Candidate B, and 15 were unsure or plan to vote for another candidate. The researcher wants to construct a 95% confidence interval for the proportion of all registered voters in Orlando who plan to vote for Candidate B. What is the point estimate? Round final answer to 3 decimal places.
A statistics professor at a major university asked her students whether or not they wereregistered to vote. In a sample of 50 of the randomly sampled statistics students (from over1000 students), 35 said they were registered to vote. Find a 98% confidence interval and makea conclusion based upon those results.
The last poll of 144 voters in Iowa shows that 19% of voters will vote for him in the Iowa Presidential Caucus. What is the 99% confidence interval of his support level in Iowa?
In a survey, 545 college students are randomly selected and asked whether or not they own a car. Of those surveyed, it is found that 210 own a car. Use this data to find a 99% confidence interval for the true proportion of all college students who own a car.
The personality characteristics of business leaders (e.g., CEOS) are related to the operations of the businesses that they lead (Oreg & Berson, 2018). Traits like openness to experience are related to positive financial outcomes and other traits are related to negative financial outcomes for their businesses. Suppose that a board of directors is interested in evaluating the personality of their leadership. Among a sample of n = 16 managers, the sample mean of the openness to experiences dimension of personality was M = 4.50. Assuming that u = 4.24 and o = 1.05 (Cobb-Clark & Schurer, 2012), use a two-tailed hypothesis test with a = .05 to test the hypothesis that this company's business leaders' openness to experience is different from the population. Standard Normal Distribution Mean - 0.0 Standard Deviation 1.0 .7198 .1401 .1401 -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 -1.08 1.08 Step 1. Ho: ; H;: a = .05. Step 2. The critical region consists of Step 3. For these data the standard error is and…
Wildlife biologists inspect 180 deer taken by hunters and find 36 of them carrying Lyme disease ticks. Calculate a 95% confidence interval for the proportion of deer that carry Lyme disease ticks.
A dowser has correctly located water for a well 1 out of 2 times in Jones County. In Jones County, someone who is just guessing has a 40% chance of locating water for a well. Does this sample provide sufficient evidence that the dowser can locate water and is not just guessing?

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS