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An opinion poll surveyed 900 people and reported that 36% believe a certain governor broke campaign financing laws in his election campaign.
a. Find a 95% confidence interval for the population proportion of people who believe the governor broke campaign financing laws. Does the result of the poll convince you that fewer than 38% of all U.S. citizens favor that viewpoint?
b. Suppose 10,000 (not 900) people are surveyed and 36% believe that the governor broke campaign financing laws. Would you now be convinced that fewer than 38% of all U.S. citizens favor that viewpoint? Why is your answer different than in part a?
c. How many people would you have to survey to be 99% confident that you can estimate to within 1% the fraction of people who believe the governor broke campaign financing laws?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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