1. In a survey of 2035 workers, 73% reported working out 3 or more days a week. What is the margin of error? What is the interval that is likely to contain the exact percent of all people who work out 3 or more days a week? Show all work.
Q. 1. In a survey of 2035 workers, 73% reported working out 3 or more days a week. What is the margin of error? What is the interval that is likely to contain the exact percent of all people who work out 3 or more days a week? Show all work.
Calculate sample proportion: Calculate the sample proportion (p^) by dividing the number of workers who work out 3 or more days a week by the total number of workers surveyed.p^=10073×2035p^=1485.55
Round number of workers: Since we can't have a fraction of a person, round the number of workers to the nearest whole number. p^=1486 workers
Recalculate sample proportion: Recalculate the sample proportion (p^) using the rounded number of workers.p^=20351486p^≈0.73
Calculate standard error: Calculate the standard error (SE) using the formula SE=(p^(1−p^))/n, where n is the sample size.SE=(0.73×(1−0.73))/2035SE=(0.73×0.27)/2035SE=0.1971/2035SE=0.0000968SE≈0.0098
Determine z-score: Determine the z-score for a 95% confidence level. Typically, the z-score for a 95% confidence level is 1.96.z=1.96
Calculate margin of error: Calculate the margin of error (ME) using the formula ME=z×SE.ME=1.96×0.0098ME≈0.0192
Convert margin of error: Convert the margin of error to a percentage by multiplying by 100. ME≈0.0192×100ME≈1.92%
Calculate lower bound: Calculate the lower bound of the confidence interval by subtracting the margin of error from the sample proportion.Lower bound = p^−MELower bound = 0.73−0.0192Lower bound ≈0.7108
Calculate upper bound: Calculate the upper bound of the confidence interval by adding the margin of error to the sample proportion.Upper bound = p^+MEUpper bound = 0.73+0.0192Upper bound ≈0.7492
Convert bounds to percentages: Convert the lower and upper bounds of the confidence interval to percentages by multiplying by 100.Lower bound ≈0.7108×100Lower bound ≈71.08%Upper bound ≈0.7492×100Upper bound ≈74.92%
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