America's young people are heavy Internet users; \(87 \%\) of Americans ages 12 to 17 are Internet users (The Cincinnati Enquirer, February 7,2006 ). MySpace was voted the most popular website by \(9 \%\) in a sample survey of Internet users in this age group. Suppose 1400 youths participated in the survey. What is the margin of error, and what is the interval estimate of the population proportion for which MySpace is the most popular website? Use a \(95 \%\) confidence level.

Short Answer

Expert verified
The margin of error is approximately 1.41%, and the interval estimate of the population proportion for which MySpace is the most popular website among Internet users aged 12 to 17 in America is (7.59%, 10.41%) with a 95% confidence level.

Step by step solution

01

Identify Given Values

Sample size (n) = 1400 Sample proportion (p) = 0.09 (as 9% of the survey participants voted MySpace as the most popular website) Confidence level = 95%
02

Find the Z-score

For a 95% confidence level, the Z-score (Z) is 1.96. This value can be found using a Z-table or a calculator that provides critical values of Z for different confidence levels.
03

Calculate Margin of Error

Now, we can plug the values into the Margin of Error formula: ME = Z * sqrt(p * (1 - p) / n) ME = 1.96 * sqrt(0.09 * (1 - 0.09) / 1400) ME ≈ 0.0141 The margin of error is approximately 0.0141 or 1.41%.
04

Calculate the Interval Estimate

Now we will calculate the interval estimate using the sample proportion and the margin of error: CI = p ± ME CI = 0.09 ± 0.0141 CI ≈ (0.0759, 0.1041) Thus, the interval estimate of the population proportion for which MySpace is the most popular website among Internet users aged 12 to 17 in America is (0.0759, 0.1041), or (7.59%, 10.41%) with a 95% confidence level.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Sales personnel for Skillings Distributors submit weekly reports listing the customer contacts made during the week. A sample of 65 weekly reports showed a sample mean of 19.5 customer contacts per week. The sample standard deviation was \(5.2 .\) Provide \(90 \%\) and \(95 \%\) confidence intervals for the population mean number of weekly customer contacts for the sales personnel.

According to Thomson Financial, through January \(25,2006,\) the majority of companies reporting profits had beaten estimates (Business Week, February 6, 2006). A sample of 162 companies showed that 104 beat estimates, 29 matched estimates, and 29 fell short. a. What is the point estimate of the proportion that fell short of estimates? b. Determine the margin of error and provide a \(95 \%\) confidence interval for the proportion that beat estimates. c. How large a sample is needed if the desired margin of error is \(.05 ?\)

According to statistics reported on \(\mathrm{CNBC}\), a surprising number of motor vehicles are not covered by insurance (CNBC, February 23,2006 ). Sample results, consistent with the CNBC report, showed 46 of 200 vehicles were not covered by insurance. a. What is the point estimate of the proportion of vehicles not covered by insurance? b. Develop a \(95 \%\) confidence interval for the population proportion.

A perfectly competitive market is not characterized by a. many small firms. b. a great variety of different products. c. free entry into and exit from the market. d. any of the above.

Playbill magazine reported that the mean annual household income of its readers is \(\$ 119,155(\text {Playbill}, \text { January } 2006) .\) Assume this estimate of the mean annual household income is based on a sample of 80 households, and, based on past studies, the population standard deviation is known to be \(\sigma=\$ 30,000\) a. Develop a \(90 \%\) confidence interval estimate of the population mean. b. Develop a \(95 \%\) confidence interval estimate of the population mean. c. Develop a \(99 \%\) confidence interval estimate of the population mean. d. Discuss what happens to the width of the confidence interval as the confidence level is increased. Does this result seem reasonable? Explain.

See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free