Find the Margin of Error for the 95% Confidence Interval

question 114

Multiple Choice

Find the margin of error for the 95% confidence interval used to estimate the population proportion
-n = 58, x = 28; 95 percent

• A)0.353 < p < 0.613
• B)0.375 < p < 0.591
• C)0.354 < p < 0.612
• D)0.374 < p < 0.592

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Definitions:

GDP

Short for Gross Domestic Product, it's the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

MV

An abbreviation that can stand for "Market Value," representing the current price at which an asset or service can be bought or sold.

Percentage

A portion or part of a whole, expressed as a fraction of 100.

Constants

Fixed values in an equation or model that do not change, unlike variables which can fluctuate.