Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A survey asked 5,324 individuals: Whats most important to you when choosing where to live? The responses are shown by the following frequency distribution. (You

A survey asked 5,324 individuals: Whats most important to you when choosing where to live? The responses are shown by the following frequency distribution. (You may find it useful to reference the z table.)

Response Frequency
Good jobs 1,969
Affordable homes 799
Top schools 586
Low crime 1,225
Things to do 745

a. Calculate the margin of error used in the 95% confidence level for the population proportion of those who believe that low crime is most important. (Round final answer to 3 decimal places.)

b. Calculate the margin of error used in the 95% confidence level for the population proportion of those who believe that good jobs or affordable homes are most important. (Round final answer to 3 decimal places.)

c. Explain why the margins of error in parts a and b are different.

multiple choice

The margin of error in part a and b are different because the population proportions in parts a and b are different.

The margin of error in part a and b are different because the sample proportions in parts a and b are different.

The margin of error in part a and b are different because the population standard deviations in parts a and b are different

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Institutions Management And Investments

Authors: Herbert Mayo

10th International Edition

1111820643, 9781111820640

More Books

Students also viewed these Finance questions