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QUESTION 27
A research survey of 4750 adults found that 4275 had purchased something online of these shoppers, 789 are weekly online shoppers.
Construct a 99% Confidence interval estimate of the population proportion of adults who had purchased something online
A The Point Estimate equals 50.60
(Round to 1 decimal place)
B. The Standard Error equals 1243
(Round to 4 decimal places)
The Critical Value equals
(Round to 2 decimal places)
(Round to 4 decimal places)
D. The Margin of Error equals
and
E. & F. We are 99% confident the true proportion of adults who purchased something online is between
(Round to 4 decimal places)

Respuesta :

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Using the z-distribution, it is found that characteristics are:

a) 0.2

b) 0.0058

c) z = 2.575

d) 0.0149

e) (0.1851, 0.2149).

f) We are 99% confident the true proportion of adults who purchased something online is between 0.1851 and 0.2149.

Item a:

The point estimate is the sample proportion, hence:

[tex]\pi = \frac{789}{4750} = 0.2[/tex]

Item b:

The standard error is:

[tex]s = \sqrt{\frac{p(1 - p)}{n}} = \sqrt{\frac{0.2(0.8)}{4750}} = 0.0058[/tex]

Item c:

99% confidence level, hence[tex]\alpha = 0.99[/tex], z is the value of Z that has a p-value of [tex]\frac{1+0.99}{2} = 0.995[/tex], so [tex]z = 2.575[/tex].

Item d:

The margin of error is:

[tex]M = zs = 2.575(0.0058) = 0.0149[/tex]

Item e:

The interval is the point estimate plus/minus the margin of error, hence

[tex]\pi - M = 0.2 - 0.0149 = 0.1851[/tex]

[tex]\pi + M = 0.2 + 0.0149 = 0.2149[/tex]

The 99% confidence interval estimate of the population proportion of adults who had purchased something online is (0.1851, 0.2149).

Item f:

We are 99% confident the true proportion of adults who purchased something online is between 0.1851 and 0.2149.

A similar problem is given at https://brainly.com/question/16236451