MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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An insurance company proposes two health insurance plans for the employees of a company. Plan A is the basic plan and
covers only the medication expenses in case of hospitalization, whereas Plan B reimburses all medical expenses of the
employees. As a human ressources manager, you are required to estimate how many employees will opt for Plan B. The
manager 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 to
three decimal places.
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Transcribed Image Text:An insurance company proposes two health insurance plans for the employees of a company. Plan A is the basic plan and covers only the medication expenses in case of hospitalization, whereas Plan B reimburses all medical expenses of the employees. As a human ressources manager, you are required to estimate how many employees will opt for Plan B. The manager 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 to three decimal places.
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