Solved on Dec 12, 2023
Determine the values of , and in a poll of 500 adults about favorite pie, where 11% chose chocolate pie with a margin of error of ±4 percentage points and a 95% confidence level.
STEP 1
Assumptions
1. represents the sample proportion of adults who chose chocolate pie.
2. represents the sample proportion of adults who chose a different pie.
3. represents the sample size.
4. represents the margin of error.
5. represents the population proportion of adults who prefer chocolate pie.
6. The confidence level is given as .
7. represents the significance level, which is the probability that the true proportion lies outside the confidence interval.
STEP 2
Identify the value of , which is the sample proportion of adults who chose chocolate pie.
STEP 3
Convert the percentage to a decimal value for .
STEP 4
Calculate the value of , which is the sample proportion of adults who chose a different pie. Since , we have:
STEP 5
Plug in the value of to find .
STEP 6
Identify the value of , which is the sample size.
STEP 7
Identify the value of , which is the margin of error.
STEP 8
Convert the percentage to a decimal value for .
STEP 9
Recognize that is the true population proportion, which we are estimating with our sample proportion . Since we do not have the true population proportion, we use as our best estimate.
STEP 10
Determine the value of given the confidence level of . The confidence level indicates that of the time, the true proportion will lie within the confidence interval. The significance level is the probability that the true proportion lies outside the confidence interval.
STEP 11
Convert the confidence level to a decimal and calculate .
The value of is .
The value of is .
The value of is .
The value of is .
The value of is approximately .
The value of is .
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