25.
Point Estimate= 0.18
340.37 is greater than or equal to 10, and the sample is less than or equal to 5% of the population.
(0.167, 0.193)
We are 90% confident that the true proportion of adults Americans who have donated blood in the past two years is between 0.167 and 0.193.
26.
The point estimate= 0.43
282.6 is greater than or equal to 10, and the sample is less than or equal to 5% of the population.
(0.402, 0.458)
We are 95% confident that the true proportion of workers and retirees in the U.S 25 yrs old and older who have less than $10,000 in savings is between 0.402 and 0.458.
27.
Point estimate= 0.519.
250.39 is greater than or equal to 10, and the sample size is less than or equal to 5% of the population.
(0.488, 0.55)
No, because 60% isn’t accounted for in the cofidence interval. It’s outside of it.
(0.45- lowerbound, 0.512- upperbound)
28.
Point estimate= 0.75
192 is bigger than or equal to 10, the sample size is less than or equal to 5% of the population.
(0.715, 0.785)
No, it cannot be below 70% as that would be outside the confidence interval.
(0.215- lowerbound, 0.285- upperbound)
29.
(0.07, 0.15)
(0.057, 0.163)
By increasing the confidence interval, the interval itself becomes larger, so it then becomes essentially less precise.