Country Burkina Faso Ethiopia Myanmar Ghana Kenya India Nicaragua Tunisia Guatemala Algeria Ecuador Peru Colombia Lebanon China Brazil Mexico Turkey Argentina Venezuela, RB Greece Portugal Malta Spain Italy Israel Japan France New Zealand United Arab Emirates Belgium United Kingdom Canada Germany Finland Austria Netherlands Ireland Australia Sweden United States Denmark Iceland Luxembourg Switzerland Norway Average Income 640 660 1190 1380 1380 1680 2050 3690 3790 4270 5820 5950 6320 7680 8260 8840 9040 11180 11960 12500 18960 19850 24140 27520 31590 36190 38000 38950 39070 40480 41860 42390 43660 43660 44730 45230 46310 52560 54420 54630 56180 56730 56990 76660 81240 82330 In 2016, the global average annual income...

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Statistics

Country
Burkina Faso
Ethiopia
Myanmar
Ghana
Kenya
India
Nicaragua
Tunisia
Guatemala
Algeria
Ecuador
Peru
Colombia
Lebanon
China
Brazil
Mexico
Turkey
Argentina
Venezuela, RB
Greece
Portugal
Malta
Spain
Italy
Israel
Japan
France
New Zealand
United Arab Emirates
Belgium
United Kingdom
Canada
Germany
Finland
Austria
Netherlands
Ireland
Australia
Sweden
United States
Denmark
Iceland
Luxembourg
Switzerland
Norway
Average Income
640
660
1190
1380
1380
1680
2050
3690
3790
4270
5820
5950
6320
7680
8260
8840
9040
11180
11960
12500
18960
19850
24140
27520
31590
36190
38000
38950
39070
40480
41860
42390
43660
43660
44730
45230
46310
52560
54420
54630
56180
56730
56990
76660
81240
82330

In 2016, the global average annual income worldwide wasestimated to be $10,850[1]. (This includes all countries of theworld, not just the countries in the data table.)

[1] Source: Organization for Economic Co-operation andDevelopment (OECD).

A) construct an 80%, 90%, 95%, 98%, 99% confidence interval toestimate the proportion of countries in the world with an averageincome greater than the global average. Calculate theMargin of Error for each confidenceinterval.

B) As the confidence level increases, what happens to the widthof the interval? (Note: the width of the interval is the differencebetween the upper and lower limits.)

C) As the confidence level increases, what happens to the marginof error?

Answer & Explanation Solved by verified expert
4.3 Ratings (800 Votes)
let x is the observation greater than 10850 29 using excel we have Confidence Interval Estimate for the Proportion Data Sample Size 46 Number of Successes 29 Confidence Level 80 Intermediate Calculations Sample Proportion 0630434783 Z Value 128155157 Standard Error of the Proportion 007116832 Margin of error 0091205872 Confidence Interval Interval Lower    See Answer
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