Young Professional magazine was developed for a target audienceof recent college graduates who are in their first 10 years in abusiness/professional career. In its two years of publication, themagazine has been fairly successful. Now the publisher isinterested in expanding the magazine’s advertising base. Potentialadvertisers continually ask about the demographics and interests ofsubscribers to Young Professional. To collect this information, themagazine commissioned a survey to develop a profile of itssubscribers. The survey results will be used to help the magazinechoose articles of interest and provide advertisers with a profileof subscribers. As a new employee of the magazine, you have beenasked to help analyze the survey results which had a sample size of410. The data is summarized below: Quantitative Variables MeanStandard Deviation Age 30.112 4.024 Household Income $74,460$34,818 Qualitative Variables Count Broadband Access Yes: 256 HaveChildren Yes: 219 a. Develop 95% confidence intervals for the meanage and household income of subscribers. b. Develop 95% confidenceintervals for the proportion of subscribers who have broadbandaccess at home and the proportion of subscribers who have children.c.Would Young Professional be a good advertising outlet for onlinebrokers?Justify your conclusion with statistical data.pleaseprovide detailed solution
