54 of mid level managers preferred trucks and 26 of

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54% of mid-level managers preferred trucks, and 26% of executives preferred trucks. Which distribution should you use for this problem? Exercise 34. Of 1,050 randomly selected adults, 360 identified themselves as manual laborers, 280 identified themselves as non-manual wage earners, 250 identified themselves as mid-level managers, and 160 identified themselves as executives. In the survey, 82% of manual laborers preferred trucks, 62% of non-manual wage earners preferred trucks, 54% of mid-level managers preferred trucks, and 26% of executives preferred trucks. Construct a 95% confidence interval. State the confidence interval, sketch the graph, and calculate the error bound. Exercise 35. Of 1,050 randomly selected adults, 360 identified themselves as manual laborers, 280 identified themselves as non-manual wage earners, 250 identified themselves as mid-level managers, and 160 identified themselves as executives. In the survey, 82% of manual laborers preferred trucks,
OpenStax Business StatisticsInstructor Answer and Solution Guide Chapter 8: Confidence Intervals 62% of non-manual wage earners preferred trucks, 54% of mid-level managers preferred trucks, and 26% of executives preferred trucks. Suppose we want to lower the sampling error. What is one way to accomplish that? Exercise 36. Of 1,050 randomly selected adults, 360 identified themselves as manual laborers, 280 identified themselves as non-manual wage earners, 250 identified themselves as mid-level managers, and 160 identified themselves as executives. In the survey, 82% of manual laborers preferred trucks, 62% of non-manual wage earners preferred trucks, 54% of mid-level managers preferred trucks, and 26% of executives preferred trucks. The sampling error given in the survey is ±2%. Explain what the ±2% means. Exercise 37. A poll of 1,200 voters asked what the most significant issue was in the upcoming election. Sixty-five percent answered the economy. We are interested in the population proportion of voters who feel the economy is the most important. Define the random variable X in words. Exercise 38. A poll of 1,200 voters asked what the most significant issue was in the upcoming election. Sixty-five percent answered the economy. We are interested in the population proportion of voters who feel the economy is the most important. Define the random variable P’, in words.
OpenStax Business StatisticsInstructor Answer and Solution Guide Chapter 8: Confidence Intervals Exercise 39 A poll of 1,200 voters asked what the most significant issue was in the upcoming election. Sixty-five percent answered the economy. We are interested in the population proportion of voters who feel the economy is the most important.

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