700 randomly selected Americans were asked if they believed the minimum wage should beraised. 350 said yes. Construct a 90% confidence interval for the proportion of Americanswho believe that the minimum wage should be raised.A. (0.469, 0.531)B.(0.481, 0.519)C.(0.431, 0.569)D.(0.347, 0.630)

Respuesta :

[tex]A)0.469,0.531[/tex]

1) The first thing to consider when we tackle this question, is to make use of a z-score to construct that required interval of confidence: 90%

2) Let's gather from the data and write out the following:

[tex]\begin{gathered} n=700,\pi=\frac{350}{700},\alpha=0.9 \\ p=\frac{1+\alpha}{2}=\frac{1+0.9}{2}=.95 \\ z=1.645 \\ \end{gathered}[/tex]

Note that we resorted to a table to find the z score.

2.2. The next step is to figure out the Lower and the Upper Limits :

[tex]\begin{gathered} Lower\: Limit\colon \\ \pi-z\sqrt[]{\frac{\pi(1-\pi)}{n}}=\frac{350}{700}-1.645\sqrt[]{\frac{0.5(1-0.5)}{700}}=.4689 \\ Upper\: Limit\colon \\ \pi+z\sqrt[]{\frac{\pi(1-\pi)}{n}}=\frac{350}{700}+1.645\sqrt[]{\frac{0.5(1-0.5)}{700}}=.5311 \end{gathered}[/tex]

Once we have the lower and the upper limit, we can state that the answer is:

[tex]A)0.469,0.531[/tex]

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