A market research firm is hired to estimate the percent of adults living in a large city who have cell phones. The firm randomly selects 480 adult residents to determine whether they have cell phones. Of the 450 people sampled, 387 own cell phones. Compute a 99% confidence interval for the true proportion of adult residents of this city who have cell phones. Round the answer to three decimal places.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
icon
Related questions
Question

A market research firm is hired to estimate the percent of adults living in a large city who have cell phones. The firm randomly selects 480 adult residents to determine whether they have cell phones. Of the 450 people sampled, 387 own cell phones. Compute a 99% confidence interval for the true proportion of adult residents of this city who have cell phones. Round the answer to three decimal places.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning