Question: I need help with this solution, Use the sample data and confidence level given below to complete parts(a) through(d). A research institute poll asked respondents
I need help with this solution,
Use the sample data and confidence level given below to complete parts(a) through(d).
A research institute poll asked respondents if they felt vulnerable to identity theft. In thepoll, n=1010 and x=541 who said"yes." Use a 99% confidence level.
a. Find the best point estimate of the population proportion p.
_ (Round to three decimal places asneeded.)
b. Identify the value of the margin of error E.
E = _ (Round to four decimal places asneeded.)
c. Construct the confidence interval.
_ < p < _ (Round to three decimal places asneeded.)
d. Write a statement that correctly interprets the confidence interval. Choose the correct answer below.
A. One has 99% confidence that the sample proportion is equal to the population proportion.
B. 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.
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. 99% of sample proportions will fall between the lower bound and the upper bound.
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