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Assume that population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and 95% confidence interval. n=540, p=0.15 The margin of error is (Round to four decimal places as needed.)

Assume that population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and 95% confidence interval. n=540, p=0.15 The margin of error is (Round to four decimal places as needed.)

MATLAB: An Introduction with Applications
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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**Estimating Population Proportion from Sample Data** Assume that the population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and a 95% confidence interval. Given: - Sample size (\(n\)) = 540 - Sample proportion (\(\hat{p}\)) = 0.15 **Calculate the Margin of Error:** Enter your answer in the provided box, rounding to four decimal places as needed. Note: This task involves statistical concepts like population proportion, sample data, margin of error, and confidence intervals, typically covered in introductory statistics courses. **Instructions:** - Use the provided sample data to calculate the margin of error. - Ensure accuracy by adhering to rounding conventions as specified. This educational exercise helps in understanding how sample data can be used to infer information about a larger population, a foundational concept in statistics.
Transcribed Image Text:**Estimating Population Proportion from Sample Data** Assume that the population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and a 95% confidence interval. Given: - Sample size (\(n\)) = 540 - Sample proportion (\(\hat{p}\)) = 0.15 **Calculate the Margin of Error:** Enter your answer in the provided box, rounding to four decimal places as needed. Note: This task involves statistical concepts like population proportion, sample data, margin of error, and confidence intervals, typically covered in introductory statistics courses. **Instructions:** - Use the provided sample data to calculate the margin of error. - Ensure accuracy by adhering to rounding conventions as specified. This educational exercise helps in understanding how sample data can be used to infer information about a larger population, a foundational concept in statistics.
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