FORESTRY
AGRICULTURAL STATISTICS AND ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The 99% confidence interval for a proportion is (0.54, 0.72). What is the point estimate?
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p-hat=0.63
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pi=0.18
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p-hat=0.09
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pi=0.63
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Explanation:
Detailed explanation-1: -If the level of confidence is 99%, this means that we are 99% confident that the interval contains the population mean, µ. The corresponding z-scores are ± 2.575.
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