The First National Bank of Wilson has 620 checking account customers. A recent sample of 70 of these customers showed 37 have a Visa card with the bank. What is the margin of error for a 95% confidence interval for the population proportion? 3 decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
icon
Related questions
Question
100%
The First National Bank of Wilson has 620 checking account customers. A recent sample of 70 of these customers showed 37 have a Visa card with the bank. What is the margin of error for a 95% confidence interval for the population proportion? 3 decimal places.
Expert Solution
steps

Step by step

Solved in 3 steps with 12 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL