In a study of 1228 randomly selected medical malpractice lawsuits, it was found that 856 of them were dropped or dismissed (based on data from the Physicians Insurers Association of America). Construct a 95% confidence interval for the proportion of medical malpractice lawsuits that are dropped or dismissed.
What would be the sample sizes needed to get a 95% confidence interval of plus or minus 3% given that the initial estimate of the population proportion is either 1%, 25%, 50%, 75% or 99% (calculate the five intervals). What do you notice that is interesting?
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