Suppose that a simple random sample of 121 people finds that 40 eat chocolate every day....
Suppose that a simple random sample of 121 people finds that 40 eat chocolate every day. Use this information to answer the following.
A)What is the sample proportion for people who each chocolate every day?
B)Do we have what we need to compute a confidence interval? Be sure to include your reasoning for full credit.
C)Find the lower bound for a 98% confidence interval of the true proportion of people who eat chocolate daily, accurate to 3 decimal places.
D)Find the upper bound for a 98% confidence interval of the true proportion of people who eat chocolate daily, accurate to 3 decimal places.
E)Interpret your confidence interval.
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