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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
nx = 360,
x = 0.69,ny = 350,
y = 0.76
-What is the upper confidence limit of the 98% confidence interval for the difference in population proportions?
Interval Estimate
An estimation that specifies a range within which a parameter lies, providing an interval believed to encompass the true value of that parameter.
Sample Mean
The average of all the values in a sample set of data.
Confidence Interval
A span of values, taken from sample statistics, seen as likely to encase the value of an unidentified population parameter.
Confidence Level
The probability, expressed as a percentage, that a parameter lies within a specified range of values (confidence interval).
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