A consumer watch group interviewed a random sample of 1000 consumers and asked them if they are optimistic about the economy or not. There were 612 who said Yes. 1. Use 95% confidence level to estimate the population proportions. What is the margin of error E? a. 1.54% b. 1.53% c. 0.0155 d. none of the above 2. Use 95% confidence level to estimate the population proportions. What is the upper limit? a. 60.12% b. 65.42% c. 61.25% d. 64.22%

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A consumer watch group interviewed a random sample of 1000 consumers and asked them if they are optimistic about the economy or not. There were 612 who said Yes.

1. Use 95% confidence level to estimate the population proportions. What is the margin of error E?
a. 1.54%
b. 1.53%
c. 0.0155
d. none of the above

2. Use 95% confidence level to estimate the population proportions. What is the upper limit?
a. 60.12%
b. 65.42%
c. 61.25%
d. 64.22%

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