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Answer: Determine the point estimate of the population

Chapter 5, Problem 14AYU

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QUESTION:

Problem 14AYU

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: 0.853, upper bound: 0.871, n = 10,732

Questions & Answers

QUESTION:

Problem 14AYU

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: 0.853, upper bound: 0.871, n = 10,732

ANSWER:

Answer :

Step 1:

        Here we have to determine the point estimate of the population proportion.

   Let the lower bound be

        . = 0.853

   Let the upper bound be

      .= 0.871

  The formula for point estimate of the population proportion is

 =

    =

= 0.862

Therefore the point estimate of the population proportion is = 0.862.

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