A planning board in Elm County is interested in estimating the proportion of its residents that are in favor of offering incentives to high-

Question

A planning board in Elm County is interested in estimating the proportion of its residents that are in favor of offering incentives to high-tech industries to build plants in that county. A random sample of Elm County residents was selected. All of the selected residents were asked, “Are you in favor of offering incentives to high-tech industries to build plants in your county?” A 95 percent confidence interval for the proportion of residents in favor of offering incentives was calculated to be 0.54 ± 0.05. Which of the following statements is correct? (As an added challenge: Can you find the mistakes in the incorrect statements?)
a) At the 95% confidence level, the estimate of 0.54 is within 0.05 of the true proportion of county residents in favor of offering incentives to high-tech industries to build plants in the county.
b) At the 95% confidence level, the majority of area residents are in favor of offering incentives to high-tech industries to build plants in the county.
c) In repeated sampling, 95% of the sample proportions will fall in the interval (0.49, 0.59).
d) In repeated sampling, the true proportion of county residents in favor of offering incentives to high-tech industries to build plants in the county will fall in the interval (0.49, 0.59).
e) In repeated sampling, 95% of the time the true proportion of county residents in favor of offering incentives to high-tech industries to build plants in the county will be equal to 0.54.

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2 weeks 2021-09-11T00:34:32+00:00 1 Answer 0