Math  /  Data & Statistics

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A survey of 1,026 people asked about what they would do with an unexpected cash gift. Forty-seven percent responded that they would pay off debts. a. With 95%95 \% confidence, what is the margin of error?
Note: Round final answer to 3 decimal places. Margin of error \square b. Construct the 95%95 \% confidence interval for the population proportion of people who would pay off debts with an unexpected cash gift. Note: Round final answers to 3 decimal places. \begin{tabular}{|l|l|} \hline Lower limit & \\ \hline Upper limit & \\ \hline \end{tabular}

Studdy Solution
Round both the lower and upper limits to 3 decimal places.
The margin of error is approximately:
0.030 \boxed{0.030}
The 95% 95\% confidence interval for the population proportion is approximately:
\begin{tabular}{|l|l|} \hline \text{Lower limit} & \boxed{0.440} \\ \hline \text{Upper limit} & \boxed{0.500} \\ \hline \end{tabular}

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