According to the Stern Marketing Group, 9 out of 10 professional
women say that financial planning is more important today than it
was five years ago. Where do these women go for help in financial
planning? Forty-seven percent use a financial advisor (broker, tax
consultant, financial planner). Twenty-eight percent use written
sources such as magazines, books, and newspapers. Suppose these
figures were obtained by taking a sample of 640 professional women
who said that financial planning is more important today than it
was five years ago.
a. Construct a 95% confidence interval for the
proportion of professional women who use a financial advisor. Use
the percentage given in this problem as the point estimate.
b. Construct a 90% confidence interval for the
proportion of professional women who use written sources. Use the
percentage given in this problem as the point estimate.
(Round your answers to 4 decimal
places.)
a. ≤ p ≤
b. ≤ p ≤
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