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Damm [24]
1 year ago
13

Use the sample data and confidence level given below to complete parts a through d.

SAT
1 answer:
4vir4ik [10]1 year ago
4 0

Using the information given and the z-distribution, it is found that:

a) The point estimate of the population proportion is 0.5544.

b) The margin of error is: 0.0320.

c) The interval is: (0.5224, 0.5864).

d) The interpretation of the interval is: we are 95% sure that the true population proportion is between 0.5224 and 0.5864.

<h3>What is a confidence interval of proportions?</h3>

A confidence interval of proportions has the bounds given by the rule presented as follows:

\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}

In which the variables used to calculated these bounds are listed as follows:

  • \pi is the point estimate of the population proportion.
  • z is the critical value.
  • n is the sample size.

The confidence level is of 95%, hence the critical value z is the value of Z that has a p-value of \frac{1+0.95}{2} = 0.975, so the critical value is z = 1.96.

From the sample, the sample size and the point estimate are given as follows:

n = 929, \pi = \frac{515}{929} = 0.5544

The margin of error is given by:

M = z\sqrt{\frac{\pi(1-\pi)}{n}}

M = 1.96\sqrt{\frac{0.5544(0.4456)}{929}}

M = 0.0320.

The interval is the point estimate plus/minus the margin of error, hence:

  • Lower bound: 0.5544 - 0.0320 = 0.5224.
  • Upper bound: 0.5544 + 0.0320 = 0.5864.

More can be learned about the z-distribution at brainly.com/question/25890103

#SPJ1

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<h3>What is an opportunity cost?</h3>

An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up by an individual or business firm, in order to choose or acquire something deemed most significant at the time.

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Read more on opportunity cost here: brainly.com/question/8846809

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<h3>What is standard enthalpy of formation ?</h3>

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