The value of will be the same as the percentage of the 1500 respondents who like chocolate pie. And that percentage as per the data in the question is 12%. Therefore, =0.12.
The value of simply is , therefore,.
The sample size is 1500. Therefore,
The margin of error is given as %. Therefore, .
The value of is calculated as =1-Confidence Level
Answer:
0.01 is alpha level
Explanation:
Given that a survey of a magazine of 1500 adults revealed that 12% chose chocolate pie.
i.e. p = proportion of people who like chocolate pie = 0.12
Margin of error = ±0.03
The value of q =1-\hat p , =1-0.12 = 0.88
The sample size n is given as 1500. Therefore, n=1500
The confidence level is given as 99%
Hence alpha = 1- confidence level
=1-0.99=0.01
Hence answer is 0.01
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