Answer:
a. The margin of error for the survey is of 0.0308 = 3.08%.
b. The 95% confidence interval that is likely to contain the exact percent of all people who favor the home team winning is (65.96%, 78.04%).
Explanation:
In a sample with a number n of people surveyed with a probability of a success of
, and a confidence level of
, we have the following confidence interval of proportions.
![\pi \pm z\sqrt{(\pi(1-\pi))/(n)}](https://img.qammunity.org/2022/formulas/mathematics/college/xaspnvwmqbzby128e94p45buy526l3lzrv.png)
In which
z is the z-score that has a p-value of
.
The margin of error of the survey is:
![M = \sqrt{(\pi(1-\pi))/(n)}](https://img.qammunity.org/2022/formulas/mathematics/college/zkkb3y8vssuce41t4ztjmpterhndykb3bt.png)
The confidence interval can be written as:
![\pi \pm zM](https://img.qammunity.org/2022/formulas/mathematics/college/6yy2v405tqiwxe8zvum6p5t233x05djslb.png)
In a survey of 212 people at the local track and field championship, 72% favored the home team winning.
This means that
![n = 212, \pi = 0.72](https://img.qammunity.org/2022/formulas/mathematics/college/a18u0e3ltsmvkocr2km3213ipebi6d3aih.png)
a. Find the margin of error for the survey.
![M = \sqrt{(0.72*0.28)/(212)} = 0.0308](https://img.qammunity.org/2022/formulas/mathematics/college/6j0fmfesx22oc639qd1p9uwcotwg271ulj.png)
The margin of error for the survey is of 0.0308 = 3.08%.
b. Give the 95% confidence interval that is likely to contain the exact percent of all people who favor the home team winning.
95% confidence level
So
, z is the value of Z that has a p-value of
, so
.
Lower bound:
![\pi - zM = 0.72 - 1.96*0.0308 = 0.6596](https://img.qammunity.org/2022/formulas/mathematics/college/im480a3y7x6pi5mhjl4l5rhq5fuzpzwzph.png)
Upper bound:
![\pi + zM = 0.72 + 1.96*0.0308 = 0.7804](https://img.qammunity.org/2022/formulas/mathematics/college/zy4l4cj4h7w0pnaq2c1jv735ltov0io8e9.png)
As percent:
0.6596*100% = 65.96%
0.7804*100% = 78.04%.
The 95% confidence interval that is likely to contain the exact percent of all people who favor the home team winning is (65.96%, 78.04%).