Answer: A confidence interval is a range of values that is likely to contain the true population value with a certain level of confidence. To determine a 95% confidence interval for the percentage of people who prefer Candidate A, we can use the following formula:
(Sample proportion) +/- (Margin of error)
The margin of error can be calculated using the formula:
Margin of error = (Critical value) * (Standard deviation)
The critical value is a factor used to compute the margin of error. The critical value for a 95% confidence interval is approximately 1.96. The standard deviation is calculated as:
Standard deviation = √((Sample proportion) * (1 - Sample proportion) / (Sample size))
Plugging in the given values:
Sample proportion = 80% = 0.8
Sample size = 45
Margin of error = (1.96) * √((0.8) * (1 - 0.8) / (45))
Explanation: