Variability of Sample Estimates Estimates for population characteristics are usually given along with a margin of error. The margin of error is the maximum expected difference between the estimate of the population characteristic and the actual population characteristic. Each of the sample proportions are good estimates of the population proportion, so we should give a margin of error that contains about 95% of the sample proportions to be reasonably sure that the actual population proportion is in the range between the mean minus the margin of error to the mean plus the margin of error. What margin of error should be given along with the estimate of 0.55 for the population proportion? Explain or show your reasoning.

Variability of Sample Estimates Estimates for population characteristics are usually given along with a margin of error. The margin of error is the maximum expected difference between the estimate of the population characteristic and the actual population characteristic. Each of the sample proportions are good estimates of the population proportion, so we should give a margin of error that contains about 95% of the sample proportions to be reasonably sure that the actual population proportion is in the range between the mean minus the margin of error to the mean plus the margin of error. What margin of error should be given along with the estimate of 0.55 for the population proportion? Explain or show your reasoning.

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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