d. which of the following is the best interpretation of the result? Select] ect 1

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
D
A simple random sample of 240 people was asked if they have insurance coverage, and 90 replied that they
did not have coverage. Based on these sample data,
a. what is the best point estimate for the population proportion of people without insurance coverage?
0.375
b. at 95% level of confidence, compute the margin of error.
0.0613
c. determine the 95% confidence interval estimate for the population proportion of people without
insurance coverage.
0.3138<p<0.4363
d. which of the following is the best interpretation of the result? [Select]
[Select]
The probability that interval estimate contains the population proportion of people without insurance coverage is 95%
The probability that interval estimate contains the population proportion of people without insurance coverage is 5%
We are 95% confident that the proportion of people without insurance coverage is between the interval.
We are certain that the confidence interval contains the population proportion of people without insurance coverage.
Transcribed Image Text:A simple random sample of 240 people was asked if they have insurance coverage, and 90 replied that they did not have coverage. Based on these sample data, a. what is the best point estimate for the population proportion of people without insurance coverage? 0.375 b. at 95% level of confidence, compute the margin of error. 0.0613 c. determine the 95% confidence interval estimate for the population proportion of people without insurance coverage. 0.3138<p<0.4363 d. which of the following is the best interpretation of the result? [Select] [Select] The probability that interval estimate contains the population proportion of people without insurance coverage is 95% The probability that interval estimate contains the population proportion of people without insurance coverage is 5% We are 95% confident that the proportion of people without insurance coverage is between the interval. We are certain that the confidence interval contains the population proportion of people without insurance coverage.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman