Technology Anxiety In a 2018 survey conducted by Northeastern University, 28 % of working adults with education levels less than a bachelor’s degree worried that their job would be eliminated due to new technology or automation. This was based on a 95 % confidence interval with a margin of error of 3 percentage points. a. Report the confidence interval for the proportion of adults with education level less than a bachelor’s degree who are worried about job loss due to new technology or automation. b. If the sample size were smaller and the sample proportion stayed the same, would the resulting interval be wider or narrower than the one obtained in part a? c. If the confidence level were 99 % rather than 95 % and the sample proportion stayed the same, would the interval be wider or narrower than the one obtained in part a? d. In 2018 the population of the United States was roughly 327 million. If 50 million people were added to the population what effect, if any, would this have on the intervals obtained in this problem?
Technology Anxiety In a 2018 survey conducted by Northeastern University, 28 % of working adults with education levels less than a bachelor’s degree worried that their job would be eliminated due to new technology or automation. This was based on a 95 % confidence interval with a margin of error of 3 percentage points. a. Report the confidence interval for the proportion of adults with education level less than a bachelor’s degree who are worried about job loss due to new technology or automation. b. If the sample size were smaller and the sample proportion stayed the same, would the resulting interval be wider or narrower than the one obtained in part a? c. If the confidence level were 99 % rather than 95 % and the sample proportion stayed the same, would the interval be wider or narrower than the one obtained in part a? d. In 2018 the population of the United States was roughly 327 million. If 50 million people were added to the population what effect, if any, would this have on the intervals obtained in this problem?
Solution Summary: The author explains how the confidence interval for the population proportion is (0.25,0.31).
Technology Anxiety In a 2018 survey conducted by Northeastern University,
28
%
of working adults with education levels less than a bachelor’s degree worried that their job would be eliminated due to new technology or automation. This was based on a
95
%
confidence interval with a margin of error of 3 percentage points.
a. Report the confidence interval for the proportion of adults with education level less than a bachelor’s degree who are worried about job loss due to new technology or automation.
b. If the sample size were smaller and the sample proportion stayed the same, would the resulting interval be wider or narrower than the one obtained in part a?
c. If the confidence level were
99
%
rather than
95
%
and the sample proportion stayed the same, would the interval be wider or narrower than the one obtained in part a?
d. In 2018 the population of the United States was roughly 327 million. If 50 million people were added to the population what effect, if any, would this have on the intervals obtained in this problem?
Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.
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Hypothesis Testing - Solving Problems With Proportions; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=76VruarGn2Q;License: Standard YouTube License, CC-BY
Hypothesis Testing and Confidence Intervals (FRM Part 1 – Book 2 – Chapter 5); Author: Analystprep;https://www.youtube.com/watch?v=vth3yZIUlGQ;License: Standard YouTube License, CC-BY