Answer:
The lower confidence limit of the 95% confidence interval for the population proportion of Americans who were victims of identity theft is 0.0275.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the z-score that has a p-value of .
A 2003 survey showed that 14 out of 250 Americans surveyed had suffered some kind of identity theft in the past 12 months.
This means that
95% confidence level
So , z is the value of Z that has a p-value of
, so
.
The lower limit of this interval is:
The lower confidence limit of the 95% confidence interval for the population proportion of Americans who were victims of identity theft is 0.0275.