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Interval estimate for the population proportion

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What are the global trends that technology CEOs believe will transform their business? According to a PwC white paper, 105 of 117 technology CEOs from around the world responded that technological advances will transform their business and 42 responded that resource scarcity and climate change will trans-form their business. (Source: Fit for the Future: 17th Annual Global CEO Survey, available at pwc.to/PRQZYr.)

a. Construct a 95% confidence interval estimate for the population proportion of tech CEOs who indicate technological ad-vances as one of the global trends that will transform their business.

b. Construct a 95% confidence interval estimate for the popula-tion proportion of tech CEOs who indicate resource scarcity and climate change as one of the global trends that will trans-form their business.

c. Interpret the intervals in (a) and (b).

Reference no: EM131063941

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