An Advertising Company Was Awarded The Contract To Design

An advertising Company was awarded the contract to design advertising for Rolls Royce Automobiles. An Executive in the firm decided to pitch the product not only to the affluent in the United States but also to those who think they are in the Top 1% of income earners in the country. A survey was undertaken, which among other questions asked respondents 25 and over where their annual income ranked . The following responses were given. also X = 15. 27, S=5. 72, N=1161= Top 1% 2 = Top 5%, but not Top1%, 3= Top 10% but not 5%, 4= top 25% not top 10%, 5=bottom 75% Estimate with 90% confidence the number of americans 25 and over who believe they are in the top 1% of income earners. The number of Americans over 25 is 203,882,000. ?

An advertising Company was awarded the contract to design

Question
An advertising Company was awarded the contract to design advertising for Rolls Royce Automobiles. An Executive in the firm decided to pitch the product not only to the affluent in the United States but also to those who think they are in the Top 1% of income earners in the country. A survey was undertaken, which among other questions asked respondents 25 and over where their annual income ranked . The following responses were given. also X = 15.27, S=5.72, N=116

1= Top 1% 2 = Top 5%, but not Top1%, 3= Top 10% but not 5%, 4= top 25% not top 10%, 5=bottom 75% Estimate with 90% confidence the number of americans 25 and over who believe they are in the top 1% of income earners. The number of Americans over 25 is 203,882,000. ?