Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Loose Change USA Todayreported that 40% of people surveyed planned to use accumulated loose change for paying bills. The margin of error was given as ±3.1 percentage points. Identify the confidence interval that corresponds to that information.

Short Answer

Expert verified

The confidence interval that corresponds to the provided information is 36.9% < p < 43.1%.

Step by step solution

01

Given information

The percentage of people who planned to use accumulated loose change for paying bills is 40%.

The margin of error is ±3.1percentage points.

02

Compute the confidence interval

From the given information, the following points can be concluded:

The proportion of people who planned to use accumulated loose change for paying bills is p^=0.40.

The margin of error is E=0.031.

The confidence interval is computed as follows:

(p^-E,p^+E)=0.40-0.031,0.40+0.031=0.369,0.431

Therefore, the confidence interval is36.9% < p < 43.1%.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Confidence Intervals. In Exercises 9–24, construct the confidence interval estimate of the mean. Arsenic in Rice Listed below are amounts of arsenic (μg, or micrograms, per serving) in samples of brown rice from California (based on data from the Food and Drug Administration). Use a 90% confidence level. The Food and Drug Administration also measured amounts of arsenic in samples of brown rice from Arkansas. Can the confidence interval be used to describe arsenic levels in Arkansas? 5.4 5.6 8.4 7.3 4.5 7.5 1.5 5.5 9.1 8.7

Finding Sample Size Instead of using Table 7-2 for determining the sample size required to estimate a population standard deviation s, the following formula can be used

n=12zα2d2

where corresponds to the confidence level and d is the decimal form of the percentage error. For example, to be 95% confident that s is within 15% of the value of s, use zα2=1.96 and d = 0.15 to get a sample size of n = 86. Find the sample size required to estimate s, assuming that we want 98% confidence that s is within 15% of σ.

Critical Thinking. In Exercises 17–28, use the data and confidence level to construct a confidence interval estimate of p, then address the given question.

Touch TherapyWhen she was 9 years of age, Emily Rosa did a science fair experiment in which she tested professional touch therapists to see if they could sense her energy field. She flipped a coin to select either her right hand or her left hand, and then she asked the therapists to identify the selected hand by placing their hand just under Emily’s hand without seeing it

and without touching it. Among 280 trials, the touch therapists were correct 123 times (based on data in “A Close Look at Therapeutic Touch,”Journal of the American Medical Association,Vol. 279, No. 13).

a.Given that Emily used a coin toss to select either her right hand or her left hand, what proportion of correct responses would be expected if the touch therapists made random guesses?

b.Using Emily’s sample results, what is the best point estimate of the therapists’ success rate?

c.Using Emily’s sample results, construct a 99% confidence interval estimate of the proportion of correct responses made by touch therapists.

d.What do the results suggest about the ability of touch therapists to select the correct hand by sensing an energy field?

Determining Sample Size. In Exercises 31–38, use the given data to find the minimum sample size required to estimate a population proportion or percentage.

Bachelor’s Degree in Four Years

In a study of government financial aid for college students, it becomes necessary to estimate the percentage of full-time college students who earn a bachelor’s degree in four years or less. Find the sample size needed to estimate that percentage. Use a 0.05 margin of error, and use a confidence level of 95%.

a. Assume that nothing is known about the percentage to be estimated.

b. Assume that prior studies have shown that about 40% of full-time students earn bachelor’s degrees in four years or less.

c. Does the added knowledge in part (b) have much of an effect on the sample size?

Formats of Confidence Intervals.

In Exercises 9–12, express the confidence interval using the indicated format. (The confidence intervals are based on the proportions of red, orange, yellow, and blue M&Ms in Data Set 27 “M&M Weights” in Appendix B.)

Red M&Ms Express 0.0434 < p < 0.217 in the form ofp+E

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free