Question 26 of 27 estion 26 4 points Save Ans Assume you are creating a budget t

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Question 26 of 27 estion 26 4 points Save Ans Assume you are creating a budget the 134 confidence interval for the population to help determine if you should i interval? In your own corrections. determining how much is spent on the community. Of 2 people you interviewed, 982 said we spend too much on corrections. You calculate your margin of error to 0.07 Now calculate a 95% ncrease or decrease the budget for corrections. What is your confidence words, interpret your results and make sure you indicate what proportion of the population believes too much is spent on (Note: You do not have to show your work for this question. Report the confidence interval and interpret what it means

Explanation / Answer

Given

x=982

n=1342

p=x/n=0.73

p=0.73 and q=0.27

Hence 95 % Confidence interval is (0.7062,0.7537)

Here Confidence interval is 95%

It means 95% confident that population proportion is 0.7062,0.7537

Confidence Interval 95% Confidence interval for population Proportion

p=0.73 and q=0.27

where z value= 1.96

Hence 95 % Confidence interval is (0.7062,0.7537)

Here Confidence interval is 95%

It means 95% confident that population proportion is 0.7062,0.7537

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