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Cement is one of the ingredients of concrete. Concrete is produced in “ready-mixed concrete plants.” Few...

Cement is one of the ingredients of concrete. Concrete is produced in “ready-mixed concrete plants.” Few years ago, a new type of cement entered the market. We want to find out what portion of the ready-mixed concrete plants use this new cement. Assume that there are 5,000 plants in the US. We select 100 plants and ask their managers if they use the new cement. We find that 20 of them use the new cement. For a confidence level of 95%, find the confidence interval for the percentage of ready-mixed concrete plants in the US that use the new cement.

Math   Statistics-And-Probability   
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Answer #1

Since

So it is not necessary to apply the finite population correction factor.

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