Greece has faced a severe economic crisis since the end of 2009. A Gallup poll surveyed 1,000 randomly sampled Greeks in 2011 and found that 25% of them sald they would rate the ives poorly enough to be considered "suffering." (a) Describe the population parameter of interest. O the proportion of all Greeks who say they were negatively affected by the economic crisis O the proportion of all Greeks who would rate their lives as poorly enough to be considered "suffering" O all Greeks What is the value of the point estimate of this parameter? (Enter your answer to two decimal places.) p = (b) Check if the conditions required for constructing a confidence interval based on these data are met. vv random, and 1,000 represents less than v 10% of all Greeks, this condition is met. The The data must be independent vy. Since the sample is success-failure v condition must also be met. Since 1,000 x 0.25 = 250, which is greater than v 10, and 1,000 x 0.75 = 750, which is greater than v condition is also met. 10, this (c) Construct a 95% confidence interval for the proportion of Greeks who are "suffering." (Round your answers to four decimal places.)

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P= and C.

Greece has faced a severe economic crisis since the end of 2009. A Gallup poll surveyed 1,000 randomly sampled Greeks in 2011 and found that 25% of them said they would rate their
lives poorly enough to be considered "suffering."
(a) Describe the population parameter of interest.
the proportion of all Greeks who say they were negatively affected by the economic crisis
the proportion of all Greeks who would rate their lives as poorly enough to be considered
"suffering"
all Greeks
What is the value of the point estimate of this parameter? (Enter your answer to two decimal places.)
p =
(b) Check if the conditions required for constructing a confidence interval based on these data are met.
The data must be independent v
Since the sample is
random, and 1,000 represents less than
250, which is greater than v
10% of all Greeks, this condition is met. The
success-failure v
condition must also be met. Since 1,000 × 0.25 =
10, and 1,000 × 0.75
750, which is greater than v
10, this
condition is also met.
(c) Construct a 95% confidence interval for the proportion of Greeks who are "suffering." (Round your answers to four decimal places.)
Transcribed Image Text:Greece has faced a severe economic crisis since the end of 2009. A Gallup poll surveyed 1,000 randomly sampled Greeks in 2011 and found that 25% of them said they would rate their lives poorly enough to be considered "suffering." (a) Describe the population parameter of interest. the proportion of all Greeks who say they were negatively affected by the economic crisis the proportion of all Greeks who would rate their lives as poorly enough to be considered "suffering" all Greeks What is the value of the point estimate of this parameter? (Enter your answer to two decimal places.) p = (b) Check if the conditions required for constructing a confidence interval based on these data are met. The data must be independent v Since the sample is random, and 1,000 represents less than 250, which is greater than v 10% of all Greeks, this condition is met. The success-failure v condition must also be met. Since 1,000 × 0.25 = 10, and 1,000 × 0.75 750, which is greater than v 10, this condition is also met. (c) Construct a 95% confidence interval for the proportion of Greeks who are "suffering." (Round your answers to four decimal places.)
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