Suppose that this result is true for the current population of American college graduates. Let be the proportion in a random sample of1000 American college graduates who will say that their student loans make it harder for them to buy a home. Find the probability that the value of is:Within .02 of the population proportion.

According to a Pew Research Center nationwide telephone survey of American adults conducted by phone between March 15 and April 24, 2011, 25% of American college graduates said that their student loans make it harder for them to buy a home . Suppose that this result is true for the current population of American college […]

Because the sample is a relatively small portion of the entire population, errors will have to be considered. Using a sample to create a range or interval of values that estimates a population value is called a “confidence interval.”

Sample statistics; Confidence interval and portions Description Sample statistics, such as the sample mean or the sample proportion, can be used to estimate a population parameter (such as the population mean or the population proportion). For example, you can estimate the true mean weight of all full-term newborn babies in the entire world by collecting […]

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