Statistics Solutions

(See Steps) From RES 341 - review problem: A survey of 600 randomly selected people reveals that 384 of them think that the President of the United States

Question: From RES 341 – review problem: A survey of 600 randomly selected people reveals that 384 of them think that the President of the United States is doing a good job regarding domestic issues.

  1. What is the point estimate and what does this mean?
  2. What is the 95% confidence interval to estimate the true proportion of people who think the president is doing a good job?
  3. Interpret the interval you developed above.

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