In a recent poll of 760 homeowners in the United States, one in five homeowners reports having a home equity loan that or she is currently paying off. Using a confidence coefficient of 0.9, derive the interval estimate for the proportion of all homeowners in the United States that hold a home equity loan. (Keep three decimal places)

The 90% confidence interval for the proportion of all homeowners in the United States that hold a home equity loan is (0.176, 0.224)

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of , we have the following confidence interval of proportions.

In which

z is the zscore that has a pvalue of .

For this problem, we have that:

90% confidence level

So , z is the value of Z that has a pvalue of , so .

The lower limit of this interval is:

The upper limit of this interval is:

The 90% confidence interval for the proportion of all homeowners in the United States that hold a home equity loan is (0.176, 0.224)

examine the two-step equation.

−  

7

4

+  

x

4

= 2

which property of operations allows you to add the same constant term to both sides?

multiplication property of equality

division property of equality

addition property of equality

subtraction property of equality

step-by-step explanation: