TABLE 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 Table 8-8, we are 99% confident that between 79.11% and 87.69% of the student population own a personal computer.

Question

Quizplus · Accepted Answer

Based on Table 8-8 for a 99% confidence level, with a sample size of 500 and 417 students owning a personal computer, the margin of error is 4.29%. Therefore, the estimated proportion of students owning a personal computer falls between (417/500 - 0.0429) and (417/500 + 0.0429), which is approximately 0.7911 and 0.8769. Therefore, the statement is true.

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