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Mathematics, 04.02.2020 22:02 knela
A2012 gallup survey of a random sample of 1014 american adults indicates that american families spend on average $151 per week on food. the report further states that, with 95% confidence, this estimate has a margin of error of ±$7 . (a) this confidence interval is expressed in the form: “estimate ± margin of error.” what is the range of values (lower bound, upper bound) that corresponds to this confidence interval? (enter your answers as a whole number.) lower bound: upper bound: (b) what is the parameter captured by this confidence interval? what does it mean to say that we have " 95% confidence" in this interval? the parameter captured by this interval is the population mean weekly spending on food for all american adults. " 95% confidence" means that this interval was found using a procedure that produces correct results 95% of the time. the parameter captured by this interval is the populations weekly spending on food for all american adults. " 95% confidence" means that this interval is correct 95% of the time. the parameter captured by this interval is the population mean weekly spending on food for all american adults. " 95% confidence" means that this interval represents 95% of the population of american adults. the parameter captured by this interval is the populations weekly spending on food for all american adults. " 95% confidence" means that this interval was found using a procedure that produces correct results 95% of the time.
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