Suppose that 20% of the residents in a certain state support an increase in the property tax. An opinion poll will randomly sample 400 state residents and will then compute the proportion in the sample that support a property tax increase. How likely is the resulting sample proportion to be within .04 of the true proportion (i.e., between .16 and .24)?
Suppose that 20% of the residents in a certain state support an increase in the property tax. An opinion poll will randomly sample 400 state residents and will then compute the proportion in the sample that support a property tax increase. How likely is the resulting sample proportion to be within .04 of the true proportion (i.e., between .16 and .24)?
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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Transcribed Image Text:Suppose that 20% of the residents in a certain state support an increase in the property tax. An
opinion poll will randomly sample 400 state residents and will then compute the proportion in the
sample that support a property tax increase.
How likely is the resulting sample proportion to be within .04 of the true proportion (i.e., between
.16 and .24)?
(Hint: Use the sampling distribution of the sample proportion in this case.)
O It is certain that the resulting sample proportion will be within .04 of the true proportion.
O There is roughly a 99.7% chance that the resulting sample proportion will be within .04 of the
true proportion.
O There is roughly a 95% chance that the resulting sample proportion will be within .04 of the
true proportion.
O There is roughly a 68% chance that the resulting sample proportion will be within .04 of the
true proportion.
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