Math Problem Statement
Solution
Let's go through each question step-by-step:
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Find the critical value for a 98% confidence level.
For a 98% confidence level, . Thus, , and we need the -value that corresponds to 0.01 in the tails. The critical value for a 98% confidence level is approximately:
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Find the critical value for a 91% confidence level.
For a 91% confidence level, . Thus, , and we need the -value that corresponds to 0.045 in the tails. The critical value for a 91% confidence level is approximately:
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Find the critical value for a 99% confidence level.
For a 99% confidence level, . Thus, , and we need the -value that corresponds to 0.005 in the tails. The critical value for a 99% confidence level is approximately:
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Given the confidence interval , find the point estimate .
The point estimate is the midpoint of the confidence interval:
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Given the confidence interval , find the margin of error .
The margin of error is half the width of the confidence interval:
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Construct a 98% confidence interval for the proportion based on the sample.
- Sample proportion .
- For a 98% confidence level, the critical value .
- Standard error .
- Confidence interval: .
- Calculating the margin:
- The confidence interval is:
Would you like further explanation on any of these steps or concepts?
Here are some additional related questions:
- What is the significance of a critical value in a confidence interval calculation?
- How does the confidence level affect the width of a confidence interval?
- What is the formula for calculating the margin of error in a proportion confidence interval?
- Why is the point estimate taken as the midpoint of a confidence interval?
- How do sample size and standard error influence the margin of error?
Tip: Higher confidence levels yield wider confidence intervals, reflecting greater uncertainty about the exact parameter value.
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Math Problem Analysis
Mathematical Concepts
Confidence Intervals
Critical Values
Point Estimate
Margin of Error
Formulas
Critical value (z_{α/2}) for different confidence levels
Point estimate (p) = (lower limit + upper limit) / 2
Margin of Error (E) = (upper limit - lower limit) / 2
Standard Error (SE) for population proportion = sqrt((p * (1 - p)) / n)
Confidence Interval = p ± z * SE
Theorems
Central Limit Theorem for Proportions
Properties of Normal Distribution
Suitable Grade Level
College or Advanced High School (Grades 11-12)
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