Math Problem Statement
A survey asked, "How important is it to you to buy products that are made in America?" Of the 600 Americans surveyed, 450 responded, "It is important." For each of the following levels of confidence, find the sample proportion and the margin of error associated with the poll. (Round the margin of error to one decimal place.) (a) an 80% level of confidence sample proportion .75
Correct: Your answer is correct. margin of error ±
Incorrect: Your answer is incorrect. %
(b) a 99% level of confidence sample proportion .75
Correct: Your answer is correct. margin of error ±
Incorrect: Your answer is incorrect. %
Solution
To find the margin of error (ME) for each level of confidence, we need to follow these steps:
Step 1: Compute the Sample Proportion
The sample proportion is given by:
Step 2: Identify the Critical Value
For different confidence levels, the critical value corresponds to the z-score that captures the confidence interval. Here are the standard values:
- For an 80% confidence level,
- For a 99% confidence level,
Step 3: Calculate the Margin of Error (ME)
The formula for margin of error is:
Where:
- is the sample proportion.
- is the sample size.
- is the critical value for the given confidence level.
(a) For 80% confidence level:
-
Sample Proportion:
-
Critical value:
-
Margin of Error: Let’s calculate this:
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Proportion
Margin of Error
Formulas
Sample Proportion p = x / n
Margin of Error ME = z* × sqrt[(p(1 - p)) / n]
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 10-12
Related Recommendation
Calculating Sample Proportion and Margin of Error for Confidence Intervals
Calculate Sample Proportion and Margin of Error for 90% and 95% Confidence Levels
Calculate Sample Proportion and Margin of Error for 85% and 98% Confidence Levels
Sample Proportion and Margin of Error for 90% and 95% Confidence Levels
Calculate Margin of Error for Population Proportion with 98% Confidence