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2. (-/19 Points) DETAILS DEVORESTAT9 7.E.020. MY NOTES TV advertising agencies face increasing challenges in reaching audienc
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Answer #1

Solution :

Given that,

Point estimate = sample proportion = \hat p = 0.52

1 - \hat p = 1 - 0.52 = 0.48

Z\alpha/2 = Z0.005 = 2.576

Margin of error = E = Z\alpha / 2 * ((\hat p * (1 - \hat p ))\sqrt / n)

= 2.576 (\sqrt((0.52 * 0.48) / 2344)

= 0.027

A 99% confidence interval for population proportion p is ,

\hat p ± E   

= 0.52  ± 0.027

= ( 0.493, 0.547 )

We are 99% confident that this interval contains the true population proportion.

b) margin of error = E = width / 2 = 0.04 / 2 = 0.02

\hat p =  1 - \hat p =   0.5

sample size = n = (Z\alpha / 2 / E )2 * \hat p * (1 - \hat p )

= (2.576 / 0.02)2 * 0.5 * 0.5

= 4147.36

sample size = n = 4148

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