SCENARIO 8-8
The president of a university would like to estimate the proportion of the student population that owns a personal computer.In a sample of 500 students,417 own a personal computer.
-Referring to Scenario 8-8,it is possible that the 99% confidence interval calculated from the data will not contain the proportion of the student population who own a personal computer.

Question

Quizplus · Accepted Answer

While confidence intervals are designed to capture the true population parameter a certain percentage of the time (in this case, 99% of the time), there is still a 1% chance that the true proportion of the student population who own a personal computer will not be contained within the calculated 99% confidence interval.

SCENARIO 8-8 the President of a University Would Like to Estimate the Estimate