Concept explainers
Find the margin of error for a poll, assuming that π = .50.
- a. n = 50
- b. n = 200
- c. n = 500
- d. n = 2,000
a.
Find the margin of error for a poll assuming
Answer to Problem 32SE
The margin of error for a poll assuming
Explanation of Solution
Calculation:
The given information is that
Margin of error for a poll:
The formula for the Margin of error for a poll typically based on a 95% confidence level is,
From TABLE 8.9: Common Confidence Levels and z-Values, the z-value at 95% confidence level is 1.96.
Substitute
Thus, the margin of error for a poll assuming
b.
Find the margin of error for a poll assuming
Answer to Problem 32SE
The margin of error for a poll assuming
Explanation of Solution
Calculation:
The given information is that
Substitute
Thus, the margin of error for a poll assuming
c.
Find the margin of error for a poll assuming
Answer to Problem 32SE
The margin of error for a poll assuming
Explanation of Solution
Calculation:
The given information is that
Substitute
Thus, the margin of error for a poll assuming
d.
Find the margin of error for a poll assuming
Answer to Problem 32SE
The margin of error for a poll assuming
Explanation of Solution
Calculation:
The given information is that
Substitute
Thus, the margin of error for a poll assuming
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Chapter 8 Solutions
Applied Statistics in Business and Economics with Connect Access Card with LearnSmart
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