an ice - cream company surveyed 1000 random individuals to see if they prefer chocolate or vanilla ice…

an ice - cream company surveyed 1000 random individuals to see if they prefer chocolate or vanilla ice - cream. of those surveyed, 550 preferred chocolate. the ice - cream company simulated the survey and found the margin of error to be 40. what does the margin of error mean in relation to this survey? move numbers to the blanks to complete the sentence. the population mean for individuals preferring chocolate is estimated as being a value within the interval of ____ to ____ because ____ % of the sample means from the simulation trials fell within this interval. 40 55 95 510 550 530 570 590

an ice - cream company surveyed 1000 random individuals to see if they prefer chocolate or vanilla ice - cream. of those surveyed, 550 preferred chocolate. the ice - cream company simulated the survey and found the margin of error to be 40. what does the margin of error mean in relation to this survey? move numbers to the blanks to complete the sentence. the population mean for individuals preferring chocolate is estimated as being a value within the interval of ____ to ____ because ____ % of the sample means from the simulation trials fell within this interval. 40 55 95 510 550 530 570 590

Answer

Explanation:

Step1: Calculate lower - bound

Subtract margin of error from sample value. $550 - 40=510$.

Step2: Calculate upper - bound

Add margin of error to sample value. $550 + 40 = 590$. In a typical simulation, about 95% of sample means fall within the margin - of - error interval.

Answer:

The population mean for individuals preferring chocolate is estimated as being a value within the interval of 510 to 590 because 95% of the sample means from the simulation trials fell within this interval.