6.18 Is college worth it? Part II. Exercise 6.16 presents the results of a poll where 48% of 331 Americans who decide to not go to college do so because they cannot afford it. (a) Calculate a 90% confidence interval for the proportion of Americans who decide to not go to college because they cannot afford it, and interpret the interval in context. (b) Suppose we wanted the margin of error for the 90% confidence level to be about 1.5%. How large of a survey would you recommend?

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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6.18 Is college worth it? Part II. Exercise 6.16 presents the results of a poll where 48% of
331 Americans who decide to not go to college do so because they cannot afford it.
(a) Calculate a 90% confidence interval for the proportion of Americans who decide to not go to
college because they cannot afford it, and interpret the interval in context.
(b) Suppose we wanted the margin of error for the 90% confidence level to be about 1.5%. How
large of a survey would you recommend?
Transcribed Image Text:6.18 Is college worth it? Part II. Exercise 6.16 presents the results of a poll where 48% of 331 Americans who decide to not go to college do so because they cannot afford it. (a) Calculate a 90% confidence interval for the proportion of Americans who decide to not go to college because they cannot afford it, and interpret the interval in context. (b) Suppose we wanted the margin of error for the 90% confidence level to be about 1.5%. How large of a survey would you recommend?
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