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The ideal number of children
"What do you think is the ideal number of children for a family to have?" A Gallup Poll asked this question of 1016 randomly chosen adults. Almost half (49%) thought two children was ideal.3 Suppose that p = 0.49 is exactly true for the population of all adults. Gallup announced a margin of error of ±3 percentage points for this poll. What is the probability that the sample proportionpˆ for an SRS of size n = 1016 falls between 0.46 and 0.52? You see that it is likely, but not certain, that polls like this give results that are correct within their margin of error. We will say more about margins of error in Chapter 6.
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question 1suppose the value of investment properties is normally distributed witha mean of 550000 and a standard
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