Peter and Jane have some money in the ratio 1:3
2 answers:
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Answer:
The 99% confidence interval for the fraction of U.S. adult Twitter users who get some news on Twitter is between 49.34% and 60.66%, which means that we are 99% sure that the true percentage of US adult Twitter users who get some news is in this interval.
Step-by-step explanation:
Confidence interval:
A confidence interval has the following format:
In which M is the sample mean, z is related to the confidence level and s is the standard error.
55% of U.S. adult Twitter users get at least some news on Twitter (Pew, 2013). The standard error for this estimate was 2.2%.
This means that
99% confidence level
So , z is the value of Z that has a pvalue of
, so
.
Lower bound of the interval:
Upper bound:
The 99% confidence interval for the fraction of U.S. adult Twitter users who get some news on Twitter is between 49.34% and 60.66%, which means that we are 99% sure that the true percentage of US adult Twitter users who get some news is in this interval.