TABLE 8-10
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 8-10, it is possible that the 99% confidence interval calculated from the data will not contain the proportion of student population who own a personal computer.

Question

Quizplus · Accepted Answer

A confidence interval provides an estimated range of values which is likely to include the population parameter. However, there is still a 1% chance (in a 99% confidence interval) that the true proportion does not fall within this interval.

TABLE 8-10 the President of a University Would Like to Estimate the Estimate