In: Statistics and Probability
A magazine provided results from a poll of 1500 adults who were asked to identify their favorite pie. Among the 1500 respondents, 11% chose chocolate pie, and the margin of error was given as plus or minus 4percentage points. What values do ModifyingAbove p with caret,ModifyingAbove q with caret n, E, and p represent? If the confidence level is 99%, what is the value of alpha?
Solution:-
Given
The value of n is calculated as follows:
From the given information, a magazine provides the results from a poll of 1500 adults who are asked to identify their favorite pie. That is, the number of adults represents the sample size. Hence the value of n is 1500
The value of n is 1500.
The value of n is obtained by observing the sample size in the given study.
The value of E is calculated as follows:
From the given information, the margin of error value in the given as 4%. therefore, the value of E is 0.04.
The value of E is 0.04.
The value of E is obtained by observing the margin of error value in the given confidence interval.
The p value is obtained below:
From the given information, 11% of the respondents choose chocolate pie among 1500 adults. That is, the sample proportion value is 0.11. Hence the value of p is 0.11
The p value is 0.11
The value of is obtained below:
From the given information, the confidence level is 99%.
Therefore,
confidence level = 1 -
0.99 = 1 -
= 0.01
The value of is 0.01
The value of is obtained by subtracting the confidence level value from the value 1.
The value of n is 1500
The value of E is 0.04
The value of p is 0.11
The value of is 0.01