Suppose a polling agency reported that 44.4% of registered voters were in favor of raising income taxes to pay down the national debt. The agency states that results are based on telephone interviews with a random sample of 1049 registered voters. Suppose the agency states the margin of error for 95% confidence is 3.0%. Determine and interpret the confidence interval for the proportion of registered voters who are in favor of raising income taxes to pay down the national debt.

95% of confidence interval for the proportion of registered voters who are in favor of raising income taxes to pay down the national debt.

(0.414 ,0.474)

Step-by-step explanation:

Step(i):-

Given sample proportion

                                    p⁻ = 44.4 % = 0.444

Random sample size 'n' = 1049

Given margin of error for 95% confidence level = 3 % = 0.03

Step(ii):-

95% of confidence interval for the proportion is determined by

we know that

Margin of error for 95% confidence level is determined by

Step(iii):-

Now

95% of confidence interval for the proportion is determined by

Given Margin of error

                              M.E = 0.03

Now 95% of confidence interval for the proportion

(0.414 ,0.474)

Conclusion:-

95% of confidence interval for the proportion of registered voters who are in favor of raising income taxes to pay down the national debt.

(0.414 ,0.474)

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