/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 56 Is America's romance with movies... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Is America's romance with movies on the wane? In a Gallup Poll \(^{\star}\) of \(n=800\) randomly chosen adults, \(45 \%\) indicated that movies were getting better whereas \(43 \%\) indicated that movies were getting worse. a. Find a \(98 \%\) confidence interval for \(p\), the overall proportion of adults who say that movies are getting better. b. Does the interval include the value \(p=.50 ?\) Do you think that a majority of adults say that movies are getting better?

Short Answer

Expert verified
No, the interval does not include 0.50; thus, less than a majority believe movies are getting better.

Step by step solution

01

Identify the Population Proportion

The problem states that 45% of the survey respondents indicate movies are getting better. This gives us our sample proportion \( \hat{p} = 0.45 \).
02

Calculate the Standard Error

The standard error (SE) for a proportion is calculated using the formula: \[ SE = \sqrt{ \frac{\hat{p}(1-\hat{p})}{n} } = \sqrt{ \frac{0.45 \times 0.55}{800} } = \sqrt{ \frac{0.2475}{800} } \approx 0.0173 \]
03

Find the Critical Value

For a 98% confidence interval, we need the critical value that corresponds to \( \alpha = 0.02 \). From the standard normal distribution, the \( Z \)-score for 98% confidence is approximately \( Z = 2.33 \).
04

Calculate the Confidence Interval

The formula for the confidence interval is:\[ \hat{p} \pm Z \times SE = 0.45 \pm 2.33 \times 0.0173 \]Calculate the margin of error:\[ 2.33 \times 0.0173 \approx 0.0403 \]So, the confidence interval is:\[ 0.45 - 0.0403 \leq p \leq 0.45 + 0.0403 \]Thus, the interval is approximately:\( [0.4097, 0.4903] \).
05

Analyze if the Interval Includes 0.50

Since the confidence interval is \( [0.4097, 0.4903] \) and does not include 0.50, it suggests that less than 50% of the population thinks movies are getting better.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Population Proportion
The concept of population proportion is central when dealing with surveys and polls. In our example, the population proportion, represented by \( p \), symbolizes the overall percentage of adults who think movies are improving. Since it is usually impractical to ask every single person, we rely on a sample proportion, \( \hat{p} \).

In the given exercise, 45% of the surveyed adults stated that movies are getting better, resulting in \( \hat{p} = 0.45 \). Understanding this number is crucial. It's the best estimate of the true population proportion \( p \) based on the sample data.

Remember:
  • \( \hat{p} \) is not the exact proportion but an estimate.
  • We need further statistical tools to say anything about \( p \) with confidence.
Standard Error
The standard error is an important concept when it comes to estimating how much our sample proportion \( \hat{p} \) might differ from the true population proportion \( p \).

In simple terms, it measures the average distance between the sample proportion and the population proportion. The smaller the standard error, the closer our sample should be to the actual population proportion.

This is calculated using the formula: \[ SE = \sqrt{ \frac{\hat{p}(1-\hat{p})}{n} } \] Substitute the known values to find: \[ SE = \sqrt{ \frac{0.45 \times 0.55}{800} } \approx 0.0173 \]

Key points:
  • The larger the sample size \( n \), the smaller the SE.
  • A smaller SE indicates more precise estimates of \( p \).
Critical Value
To form a confidence interval, we need to calculate the critical value. This plays a pivotal role in determining how wide our interval will be, which tells us how confident we can be in our results.

The critical value is dependent on our confidence level. For a 98% confidence interval, we use the standard normal distribution. Here, the critical value, \( Z \)-score, is approximately \( 2.33 \).

Why it matters:
  • A higher confidence level means a larger critical value and thus a wider interval.
  • The critical value ensures the interval captures the true population proportion \( p \) with the desired level of confidence.
Margin of Error
The margin of error (MOE) tells us how much we expect our sample proportion \( \hat{p} \) to differ from \( p \). It combines both the standard error and critical value.

The margin of error is calculated as:\[ MOE = Z \times SE \approx 2.33 \times 0.0173 \approx 0.0403 \] This means our estimate can be 0.0403 above or below \( \hat{p} \).

Therefore, the 98% confidence interval becomes:
\[ \hat{p} \pm MOE = 0.45 \pm 0.0403 \approx [0.4097, 0.4903] \]

Why MOE is significant:
  • It tells us the range we believe the true proportion lies within.
  • The smaller the MOE, the more precise our estimate of \( p \).

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