(12 adults said they would travel to outer space in their lifetime, given the chance. Estimate the true proportion of adults who would like to travel to outer space with 88% confidence (Round to two decimal places). Estimate population proportion: New York Times poll found that 329 out of 763

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Author:Amos Gilat
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(12)
adults said they would travel to outer space in their lifetime, given the chance. Estimate
the true proportion of adults who would like to travel to outer space with 88% confidence
(Round to two decimal places).
Estimate population proportion: New York Times poll found that 329 out of 763
12
Transcribed Image Text:(12) adults said they would travel to outer space in their lifetime, given the chance. Estimate the true proportion of adults who would like to travel to outer space with 88% confidence (Round to two decimal places). Estimate population proportion: New York Times poll found that 329 out of 763 12
Expert Solution
Step 1

Obtain the 88% confidence interval for the true proportion of adults who would like to travel to outer space.

The 88% confidence interval for the true proportion of adults who would like to travel to outer space is obtained below:

Statistics homework question answer, step 1, image 1

Use EXCEL Procedure for finding the critical value of z.

 

Follow the instruction to obtain the critical value of z:

 

  1. Open EXCEL
  2. Go to Formula bar.
  3. In formula bar enter the function as“=NORMINV”
  4. Enter the probability as 0.94
  5. Enter the mean as 0 and the Standard deviation as 1.
  6. Click enter

 

EXCEL output:

 

From the EXCEL output, the critical value of z at the 88% confidence level is 1.55.

 

The value of sample proportion is,

 

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