The bookstore at IRSC would like to estimate the proportion of students who prefer electronic textbooks (eBooks) over printed textbooks (hard copies). A random sample of 30 students was surveyed. Their preferences are listed below. eBook hard copy еВook eВook еВook hard copy hard copy hard copy еВook hard copy еВook еBook eBook eBook hard copy eBook еВook еBook еВook еВook eBook еВook еBook еВook hard copy hard copy hard copy eBook eBook eBook Determine the point estimate, p and the sample standard deviation, s5. Round the sample proportion to four decimal places and round the standard deviation to six decimal places, if necessary. Sp Using a 96% confidence level, determine the margin of error, E, and a confidence interval for the proportion of all students at the college who work prefer eBooks over printed textbooks. Report the confidence interval using interval notation. Report the solutions in percent form, rounded to two decimal places, if necessary. The margin of error is given by E = A 96% confidence interval is given by The margin of error for this confidence interval is quite large. What is the best way for the bookstore to achieve a confide val with a smaller margin of error? O Decrease the level of confidence O Increase the level of confidence O Decrease the sample size O Increase the sample size

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 6E
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The bookstore at IRSC would like to estimate the proportion of students who prefer electronic textbooks
(eBooks) over printed textbooks (hard copies). A random sample of 30 students was surveyed. Their
preferences are listed below.
еВook
hard copy
hard copy
eBook
eBook
еВook
hard copy
hard copy
hard copy
eBook
еBook
eBook
eBook
eBook
hard copy
eBook
eBook
eBook
eBook
eBook
еВook
eBook
еВook
еВook
hard copy
hard copy
hard copy
eBook
еВook
eBook
Determine the point estimate, p and the sample standard deviation, s5. Round the sample proportion to
four decimal places and round the standard deviation to six decimal places, if necessary.
Sp
Using a 96% confidence level, determine the margin of error, E, and a confidence interval for the
proportion of all students at the college who work prefer eBooks over printed textbooks. Report the
confidence interval using interval notation. Report the solutions in percent form, rounded to two decimal
places, if necessary.
The margin of error is given by E =
A 96% confidence interval is given by
The margin of error for this confidence interval is quite large. What is the best way for the bookstore to
achieve a confidence interval with a smaller margin of error?
O Decrease the level of confidence
O Increase the level of confidence
O Decrease the sample size
O Increase the sample size
Question Help: D Video
Transcribed Image Text:The bookstore at IRSC would like to estimate the proportion of students who prefer electronic textbooks (eBooks) over printed textbooks (hard copies). A random sample of 30 students was surveyed. Their preferences are listed below. еВook hard copy hard copy eBook eBook еВook hard copy hard copy hard copy eBook еBook eBook eBook eBook hard copy eBook eBook eBook eBook eBook еВook eBook еВook еВook hard copy hard copy hard copy eBook еВook eBook Determine the point estimate, p and the sample standard deviation, s5. Round the sample proportion to four decimal places and round the standard deviation to six decimal places, if necessary. Sp Using a 96% confidence level, determine the margin of error, E, and a confidence interval for the proportion of all students at the college who work prefer eBooks over printed textbooks. Report the confidence interval using interval notation. Report the solutions in percent form, rounded to two decimal places, if necessary. The margin of error is given by E = A 96% confidence interval is given by The margin of error for this confidence interval is quite large. What is the best way for the bookstore to achieve a confidence interval with a smaller margin of error? O Decrease the level of confidence O Increase the level of confidence O Decrease the sample size O Increase the sample size Question Help: D Video
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