Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents. Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community. When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence interval to estimate the percentage of young men in your community who are living at home? We are 95% confident that 50% of the young men in your community are living at home. We are 95% confident that 45% to 55% of the young men in your community are living at home. We are 95% confident that 40% to 60% of the young men in your community are living at home.
Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents. Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community. When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence interval to estimate the percentage of young men in your community who are living at home? We are 95% confident that 50% of the young men in your community are living at home. We are 95% confident that 45% to 55% of the young men in your community are living at home. We are 95% confident that 40% to 60% of the young men in your community are living at home.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Living at home: According to a 2011 report from the U.S. Census, 59% of young men (age 18-24) are living at home with their parents.
Suppose that we plan to select a random sample of 100 young men from your community. If we use the national figure of 59%, we estimate that the standard error is about 0.05 for results from random samples of 100 young men from your community.
When we select a random sample of 100 young men from your community, we find that 50% are living at home. Which gives the best interpretation of the 95% confidence
- We are 95% confident that 50% of the young men in your community are living at home.
- We are 95% confident that 45% to 55% of the young men in your community are living at home.
- We are 95% confident that 40% to 60% of the young men in your community are living at home.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman