Solutions Economics

Consider a firm producing an output Q using the two inputs “labor” (L) and “capital” (K) according t

Question: Please see if you can find the confidence interval for the sample of 20 data points you took. First, you need to use the random numbers you selected to determine which of the files you should take.

Below is a printout of a confidence interval estimate for the proportion of the clients who are female using the 108 data points in the Fit4fun file, treated as a sample.

Confidence Interval Estimate for the Mean

Data
Sample Size	108
Number of Successes	64
Confidence Level	95%

Intermediate Calculations
Sample Proportion	0.592592593
Z Value	-1.95996398
Standard Error of the Proportion	0.047280351
Interval Half Width	0.092667785

Confidence Interval
Interval Lower Limit	0.499924807
Interval Upper Limit	0.685260378