Answer: (a) Obtain a point estimate for the population proportion of adults in the country who believe that televisions are a luxury they could do without.
The point estimate for the population proportion is 514 / 1012 = 0.507.
(b) Verify that the requirements for constructing a confidence interval about p are satisfied.
The sample is stated to be a simple random sample.
The value of n * p = 1012 * 0.507 = 514.7796 is greater than or equal to 10.
The value of n * (1 - p) = 1012 * (1 - 0.507) = 497.2204 is greater than or equal to 10.
The population proportion is less than or equal to 5% of the population size.
Therefore, the requirements for constructing a confidence interval are satisfied.
(c) Construct and interpret a 95% confidence interval for the population proportion of adults in the country who believe that televisions are a luxury they could do without.
The 95% confidence interval for the population proportion is 0.507 +/- 1.96 * sqrt((0.507 * (1 - 0.507)) / 1012) = 0.507 +/- 0.0245 = (0.4825, 0.5315).
We are 95% confident that the proportion of adults in the country who believe that televisions are a luxury they could do without is between 0.4825 and 0.5315.
(d) Is it possible that a supermajority (more than 60%) of adults in the country believe that television is a luxury they could do without? Is it likely?
It is possible that a supermajority of adults in the country believe that television is a luxury they could do without because the 95% confidence interval contains 60%. However, it is not likely because the confidence interval is relatively narrow and the point estimate is far from 60%.
(e) Use the results of part (c) to construct a 95% confidence interval for the population proportion of adults in the country who believe that televisions are a necessity.
The 95% confidence interval for the population proportion of adults who believe that televisions are a necessity is 1 - 0.5315 = 0.4685 to 1 - 0.4825 = 0.5175. Therefore, the 95% confidence interval for the population proportion of adults who believe that televisions are a necessity is (0.4685, 0.5175).
Explanation: