A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=1031
Question:
A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=1031 and x=536 who said "yes". Use a 99% confidence level
- Find the best point estimate of the population P.
- Identify the value of margin of error E. ________
- Construct a confidence interval. ___ < p <.
Write a statement that correctly interprets the confidence interval. Choose the correct answer bellow
a). One has 99% confidence that the interval from the lower bound to the upper bound actually does contain the true value of the population proportion.
b). 99% of sample proportions will fall between the lower bound and the upper bound.
c). there is a 99% chance that the true value of the population proportion will fall between the lower bound and the upper bound.
d). One has 99% confidence that the sample proportion is equal to the population proportion p.
Essentials of Statistics for Business and Economics
ISBN: 978-1337114172
8th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran