Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Political polls typically sample randomly from the U.S population to investigate the percentage of voters who favor some candidate or issue. The number of people

Political polls typically sample randomly from the U.S population to investigate the percentage of voters who favor some candidate or issue. The number of people polled is usually on the order of 1000. Suppose that one such poll asks voters how they feel about the Presidents handling of the crisis in the financial markets. The results show that 432out of the 1001 people polled say they either approve or strongly approve of the Presidents handling of this matter. Based on the sample referenced above, find a 95% confidence interval estimate for the proportion of the entire voter population who approve or strongly approve of the Presidents handling of the crisis in the financial markets.

Now, heres an interesting twist. If the same sample proportion was found in a sample twice as largethat is, 864out of 2002how would this affect the confidence interval?

My evaluation of your post will be based on the extent to which you participated and fostered a positive and effective learning environment--for yourself and others. Participating and sharing are the keys. Naturally, simply copying someone else's post is prohibited. Your post should reflect your understanding of the question posed. In addition tothe computations you employed to arrive at your response, your post must contain comments regarding the rationale for the approach you utilized. Simply listing an answer is of no real value in promoting a discussion.

This is for a discussion so the more detail the better, please!!

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

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

538733519, 978-1133169338, 1133169333, 978-0538733519

More Books

Students also viewed these Mathematics questions