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  • Mar 3, 2013, 10:38 PM
    cgdani03
    According to the Stern Marketing Group, 9 out of 10 professional women say that finan
    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 560 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, the tolerance is +/-0.0005.

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