Construct a 95% Confidence Interval on the Population Proportion for the Support

question 80

Multiple Choice

Construct a 95% confidence interval on the population proportion for the support of candidate A in the following mayoral election.Candidate A is facing two opposing candidates in a mayoral election.In a recent poll of 300 residents,she has garnered 51% support.

• A)[0.4534,0.5666]
• B)[0.4625,0.5575]
• C)[0.5084,0.5116]
• D)[0.5086,0.5114]

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Definitions:

Opportunity Cost

The trade-off of not seizing the next most favorable opportunity when faced with a decision.

Economics Club

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An examination of the benefits and costs of an additional unit of production or activity to make better decisions.