In a random sample of 40 cases there were 25 successes and 1…

In a random sample of 40 cases there were 25 successes and 15 failures. We want to construct a 95% confidence interval to estimate the proportion of successes in the population. StatKey was used to construct a bootstrap sampling distribution using count = 25 and sample size = 40. The bootstrap distribution was approximately normal with a standard error of 0.076 Construct a 95% confidence interval to estimate the proportion of successes in the population using the standard error method.

Research question: Are more than 80% of American adults open…

Research question: Are more than 80% of American adults open to using online dating to find a romantic partner? A relationship researcher surveyed a representative sample of 500 American adults. Each person was asked if they would be open to using an online dating app. In the sample, 420 adults said yes. To examine whether more than 80% of all American adults are open to online dating, the researcher set up the following hypotheses: H₀: p = 0.80 Hₐ: p > 0.80 Using StatKey, a randomization test was conducted, which produced a p-value of 0.014 A. Should we reject or fail to reject the null hypothesis at the 0.05 alpha level? Explain why. B. Is there sufficent evidence that more than 80% of all US Adults are open to using online dating to find a romantic Partner?  Why or why not?

(Credit cards) During 2020 and 2021, the Federal funds rate…

(Credit cards) During 2020 and 2021, the Federal funds rate was close to zero, but average interest rates paid on credit card balances remained quite high, with prime borrowers paying roughly 18-19% on average and even “super-prime” cardholders paying roughly 15% on average. A major reason for these high rates probably was that