(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 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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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
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
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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:
Use EXCEL Procedure for finding the critical value of z.
Follow the instruction to obtain the critical value of z:
- Open EXCEL
- Go to Formula bar.
- In formula bar enter the function as“=NORMINV”
- Enter the probability as 0.94
- Enter the mean as 0 and the Standard deviation as 1.
- 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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