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Solved: Determine the point estimate of the population
Chapter 5, Problem 13AYU(choose chapter or problem)
Problem 13AYU
Determine the point estimate of the population proportion, the margin of error for each confidence interval, and the number of individuals in the sample with the specified characteristic, x, for the sample size provided.
Lower bound: 0.462, upper bound: 0.509, n = 1680
Questions & Answers
QUESTION:
Problem 13AYU
Determine the point estimate of the population proportion, the margin of error for each confidence interval, and the number of individuals in the sample with the specified characteristic, x, for the sample size provided.
Lower bound: 0.462, upper bound: 0.509, n = 1680
ANSWER:
Answer :
Step 1:
Here we have to determine the point estimate of the population proportion.
Let the lower bound be
. = 0.462
Let the upper bound be
.= 0.509
The formula for point estimate of the population proportion is
=
=
Therefore the point estimate of the population proportion is = 0.4855
= 0.4855