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

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.\nwhat does the margin of error mean in relation to this survey? move numbers to the blanks to complete the sentence.\nthe 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.\n40 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.\nwhat does the margin of error mean in relation to this survey? move numbers to the blanks to complete the sentence.\nthe 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.\n40 55 95 510 550 530 570 590

Answer

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.

Explanation:

Step1: Calculate lower - bound

The sample number of chocolate - preferring individuals is 550. Subtract the margin of error (40) from 550: $550 - 40=510$.

Step2: Calculate upper - bound

Add the margin of error (40) to 550: $550 + 40 = 590$.

Step3: Recall common confidence level

In many surveys, when margin of error is considered, 95% is a common confidence level indicating the proportion of sample means that fall within the margin - of - error interval.