Question
For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a random sample
For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.
In a random sample of64professional actors, it was found that43were extroverts.
(a)Letprepresent the proportion of all actors who are extroverts.Find a point estimate forp. (Round your answer to four decimal places.)
(b)Find a 95% confidence interval forp. (Round your answers to two decimal places.)
lower limit
upper limit
Give a brief interpretation of the meaning of the confidence interval you have found.
We are 95% confident that the true proportion of actors who are extroverts falls within this interval.
We are 5% confident that the true proportion of actors who are extroverts falls within this interval.
We are 95% confident that the true proportion of actors who are extroverts falls outside this interval.
We are 5% confident that the true proportion of actors who are extroverts falls above this interval.
(c)Do you think the conditionsnp>5 andnq>5 are satisfied in this problem? Explain why this would be an important consideration.
Yes, the conditions are satisfied. This is important because it allows us to say thatpis approximately binomial.
No, the conditions are not satisfied. This is important because it allows us to say thatpis approximately binomial.
No, the conditions are not satisfied. This is important because it allows us to say thatpis approximately normal.
Yes, the conditions are satisfied. This is important because it allows us to say thatpis approximately normal.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started