Solved on Dec 12, 2023

Determine the values of p^,q^,n,E\hat{p}, \hat{q}, n, E, and pp in a poll of 500 adults about favorite pie, where 11% chose chocolate pie with a margin of error of ±4 percentage points and a 95% confidence level.

STEP 1

Assumptions
1. p^\hat{p} represents the sample proportion of adults who chose chocolate pie.
2. q^\hat{q} represents the sample proportion of adults who chose a different pie.
3. nn represents the sample size.
4. EE represents the margin of error.
5. pp represents the population proportion of adults who prefer chocolate pie.
6. The confidence level is given as 95%95\%.
7. α\alpha represents the significance level, which is the probability that the true proportion lies outside the confidence interval.

STEP 2

Identify the value of p^\hat{p}, which is the sample proportion of adults who chose chocolate pie.
p^=11%\hat{p} = 11\%

STEP 3

Convert the percentage to a decimal value for p^\hat{p}.
p^=11100=0.11\hat{p} = \frac{11}{100} = 0.11

STEP 4

Calculate the value of q^\hat{q}, which is the sample proportion of adults who chose a different pie. Since p^+q^=1\hat{p} + \hat{q} = 1, we have:
q^=1p^\hat{q} = 1 - \hat{p}

STEP 5

Plug in the value of p^\hat{p} to find q^\hat{q}.
q^=10.11=0.89\hat{q} = 1 - 0.11 = 0.89

STEP 6

Identify the value of nn, which is the sample size.
n=500n = 500

STEP 7

Identify the value of EE, which is the margin of error.
E=±4%E = \pm 4\%

STEP 8

Convert the percentage to a decimal value for EE.
E=4100=0.04E = \frac{4}{100} = 0.04

STEP 9

Recognize that pp is the true population proportion, which we are estimating with our sample proportion p^\hat{p}. Since we do not have the true population proportion, we use p^\hat{p} as our best estimate.
pp^=0.11p \approx \hat{p} = 0.11

STEP 10

Determine the value of α\alpha given the confidence level of 95%95\%. The confidence level indicates that 95%95\% of the time, the true proportion pp will lie within the confidence interval. The significance level α\alpha is the probability that the true proportion lies outside the confidence interval.
α=1confidence level\alpha = 1 - \text{confidence level}

STEP 11

Convert the confidence level to a decimal and calculate α\alpha.
α=10.95=0.05\alpha = 1 - 0.95 = 0.05
The value of p^\hat{p} is 0.110.11. The value of q^\hat{q} is 0.890.89. The value of nn is 500500. The value of EE is ±0.04\pm 0.04. The value of pp is approximately 0.110.11. The value of α\alpha is 0.050.05.

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