Recently, a report in a financial journal indicated that the 90 percent confidence interval estimate for the proportion of investors who own one or more mutual funds is between 0.88 and 0.92.
Given this information, the sample size that was used in this study was approximately 609 investors. Indicate whether the statement is true or false
Question 2
The owners of Greg's Department Store have reason to believe that one of their employees has been stealing from the store. In an interview with the police, the owner says that she is 75 percent sure that the employee is stealing.
This probability is an example of one that was assessed using classical probability. Indicate whether the statement is true or false
Independent assortment produces 50 percent recombinants
Over confidence
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How to solve simple percent word problems (Part 1)
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