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
Find the sample size required to estimate the percentage of college students who own a car. Assume that we want 90% confidence that the proportion from the sample is within three percentage points of the true population percentage.
Solution
The first step in solving 7 problem number 5 trying to solve the problem we have to refer to the textbook question: Find the sample size required to estimate the percentage of college students who own a car. Assume that we want 90% confidence that the proportion from the sample is within three percentage points of the true population percentage.
From the textbook chapter Estimates and Sample Sizes you will find a few key concepts needed to solve this.
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