A Gallup Poll found that only 28% of American adults expect to inherit money or valuable possessions

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A Gallup Poll found that only 28% of American adults expect to inherit money or valuable possessions from a relative. The poll’s margin of error was ±3 percentage points at a 95% confidence level.
This means that

(a) the poll used a method that gets an answer within 3%
of the truth about the population 95% of the time.

(b) the percent of all adults who expect an inheritance is between 25% and 31%.

(c) if Gallup takes another poll on this issue, the results of the second poll will lie between 25% and 31%.

(d) there’s a 95% chance that the percent of all adults who expect an inheritance is between 25% and 31%.

(e) Gallup can be 95% confident that between 25% and 31% of the sample expect an inheritance.

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Related Book For  book-img-for-question

The Practice Of Statistics

ISBN: 9781464108730

5th Edition

Authors: Daren S. Starnes, Josh Tabor

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