Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser. What is the correct interpretation of the 99% confidence interval? Select the correct answer below: We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.

Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser. What is the correct interpretation of the 99% confidence interval? Select the correct answer below: We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274. We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 1GP

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Question

Emilio wants to estimate the percentage of people who have a financial adviser. He surveys 350 individuals and finds that 76 have a financial adviser.

What is the correct interpretation of the 99% confidence interval?

Select the correct answer below:

We estimate with 99% confidence that the sample proportion of people who have a financial adviser is between 0.160 and 0.274.

We estimate with 99% confidence that the true population proportion of people who have a financial adviser is between 0.160 and 0.274.

We estimate that 99% of the time a survey is taken, the proportion of people who have a financial adviser will be between 0.160 and 0.274.

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