In a Gallup Poll, 1011 Adults Were Asked If They

question 24

Essay

In a Gallup poll, 1011 adults were asked if they consume alcoholic beverages and 64% of them said that they did. Construct a 90% confidence interval estimate of the proportion of all
adults who consume alcoholic beverages. Can we safely conclude that the majority of adults
consume alcoholic beverages?

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Definitions:

Total Income

The sum of all earnings or revenue generated by an individual or entity from various sources before any deductions.

Poverty Threshold

The lowest amount of money required to maintain a sufficient quality of life in a specific nation.

General Level

Often refers to the overall scope or extent of something, such as a general level of understanding or activity, but in an economic context, it might not have a specific definition.

Real National Income

A measure of the total income of a country adjusted for price changes over time, indicating the real purchasing power of income.