Math Problem Statement
Solution
The image provides a question related to statistics, involving confidence intervals and sample size estimation. Here's how to approach parts (b), (c), and (d):
(b) Confidence Interval for Proportion
The 99% confidence interval is already provided as:
This means that with 99% confidence, the true proportion of customers who own only a cat falls within this range.
(c) Sample Size for Estimating Population Mean
The problem asks for the sample size needed to estimate the population mean amount spent with 95% confidence, a margin of error () of ±$1.50, and a standard deviation () of $10.
The formula for sample size is:
Where:
- : Z-score for 95% confidence (1.96)
- : Standard deviation ($10)
- : Margin of error ($1.50)
Substitute the values:
Thus, 171 customers need to be sampled.
(d) Sample Size for Proportion with 99% Confidence
The goal is to determine the required sample size for estimating the proportion of customers who own only a cat, with a margin of error () of ±0.035 and 99% confidence.
The formula for sample size for proportions is:
Where:
- : Z-score for 99% confidence (2.576)
- : Estimated proportion of success (use midpoint of the confidence interval: )
- : Margin of error (0.035)
Substitute the values:
Rounding up, 1,120 customers need to be selected.
Final Answers:
- (b):
- (c): 171
- (d): 1,120
Let me know if you'd like more detailed steps or clarifications!
Follow-up Questions:
- What is the role of the Z-score in determining sample size?
- How is the margin of error used to set the bounds for the confidence interval?
- What would happen if the confidence level was reduced to 90%?
- Why do we round up the sample size to the next whole number?
- What assumptions are made about the population when using these formulas?
Tip:
Always double-check whether the confidence level and margin of error match the requirements in a problem before proceeding with calculations.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Size Estimation
Formulas
Confidence Interval for Proportion: p ± Z * √(p(1-p)/n)
Sample Size for Mean: n = (Z * σ / E)^2
Sample Size for Proportion: n = (Z^2 * p * (1-p)) / E^2
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 11-12
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