Answer:
(A) The confidence interval for the proportion of students who favored Mario is (48%, 58%).
(B) Yin Ling should not concede the election.
Explanation:
The (1 - α)% confidence interval for the population proportion is:
The proportion of students who favored Mario is,
.
The margin of error is, MOE = 0.05.
(A)
Compute the confidence interval for the proportion of students who favored Mario as follows:
Thus, the confidence interval for the proportion of students who favored Mario is (48%, 58%).
(B)
The confidence interval for Mario shows that 48% to 58% people are expected to favor Mario.
Since the lower limit is 48% there is still a chance that Yin Ling could win the election if only 48% students favor Mario.
So, Yin Ling should not concede the election.