USA Today reported 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.
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Textbook Solutions for Elementary Statistics
Question
Here is a 95% confidence interval estimate of the proportion of female medical school students: 0.499 < p < 0.511 (based on data from the Journal of the American Medical Association). What is the best point estimate of the proportion of females in the population of medical school students?
Solution
The first step in solving 7 problem number 2 trying to solve the problem we have to refer to the textbook question: Here is a 95% confidence interval estimate of the proportion of female medical school students: 0.499 < p < 0.511 (based on data from the Journal of the American Medical Association). What is the best point estimate of the proportion of females in the population of medical school students?
From the textbook chapter Estimates and Sample Sizes you will find a few key concepts needed to solve this.
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