TABLE 8-8 the President of a University Would Like to Estimate the Estimate

question 91

Short Answer

TABLE 8-8
The president of a university would like to estimate the proportion of the student population who owns a personal computer. In a sample of 500 students, 417 own a personal computer.
-Referring to Table 8-8, the sampling error of a 99% confidence interval for the proportion of student population who own a personal computer is ________.

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Definitions:

Standard Deviations

A numerical metric that calculates the extent of spread or deviation of a dataset values from its average.

Percent Of People

A statistical measurement that represents a portion of a total group or population in terms of a percentage.

Median

The middle value in a list of numbers, which divides the distribution into two equal halves.

Range

The difference between the highest and lowest scores in a dataset, showing the spread or dispersion of the values.