You may need to use the appropriate appendix table or technology to answer this question.For many years, businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflation in health care prices and employees paying for a larger portion of healthcare benefits. A recent survey showed that 52% of employers are likely to require higher employee contributions for health care coverage this year relative to last year. Suppose the survey was based on a sampleof 700 companies likely to require higher employee contributions for health care coverage this year relative to last year.At 95% confidence, compute the margin of error for the proportion of companies likely to require higher employee contributions for health care coverage. (Round your answer to four decimal places.)Compute a 95% confidence interval for the proportion of companies likely to require higher employee contributions for health care coverage. (Round your answers to four decimal places.)to

Name: You may need to use the appropriate appendix table or technology to a
Uploaded: 2024-03-05T11:52:21.000Z
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Description: You may need to use the appropriate appendix table or technology to answer this question.For many years, businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflation in health care pric

Given data, p=52%=0.52 Number of companies n=700 Construct a 95% Confidence interval?

Math

Statistics

or many years, businesses have struggled with the rising cost of health care. But recently, the increases have slowed due to less inflation in health care prices and employees paying for a larger portion are benefits. A recent survey showed that 52% of employers are likely to require higher employee contributions for health care coverage this year relative to last year. Suppose the survey was based or f 700 companies likely to require higher employee contributions for health care coverage this year relative to last year. t 95% confidence, compute the margin of error for the proportion of companies likely to require higher employee contributions for health care coverage. (Round your answer to four decimal places.) ompute a 95% confidence interval for the proportion of companies likely to require higher employee contributions for health care coverage. (Round your answers to four decimal places.)