Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents. Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community. When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence interval to estimate the percentage of young men in your community who are living at home? We are 95% confident that 50% of the young men in your community are living at home. We are 95% confident that 45% to 55% of the young men in your community are living at home. We are 95% confident that 40% to 60% of the young men in your community are living at home.
Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents. Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community. When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence interval to estimate the percentage of young men in your community who are living at home? We are 95% confident that 50% of the young men in your community are living at home. We are 95% confident that 45% to 55% of the young men in your community are living at home. We are 95% confident that 40% to 60% of the young men in your community are living at home.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents.
Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community.
When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence
- We are 95% confident that 50% of the young men in your community are living at home.
- We are 95% confident that 45% to 55% of the young men in your community are living at home.
- We are 95% confident that 40% to 60% of the young men in your community are living at home.
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