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Construct and Interpret Confidence Intervals for the Difference Between Two 98%98 \%

question 7

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Construct and Interpret Confidence Intervals for the Difference between Two Population Proportions
-A random sample of 100 students at a high school was asked whether they would ask their father or mother for help with a financial problem. A second sample of 100 different students was asked the same question regarding a dating problem. Forty-three students in the first sample and 47 students in the second sample replied that they turned to their mother rather than their father for help. Construct a 98%98 \% confidence interval for p1p2\mathrm { p } 1 - \mathrm { p } 2 .


Definitions:

Method of Delivery

Refers to the way in which goods or services are provided to the customer, including physical delivery, digital delivery, or in-person service.

Idle Capacity

Unused productive ability within a business, often resulting in inefficiency because resources are not being utilized to generate revenues.

Classification

A method of arranging entities in an organized system of categories.

Inventory Cost

The total cost associated with keeping goods in stock, including storage, insurance, taxes, and opportunity costs.

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