a magazine provided results from a poll of 2000 adults who were asked to identify their favorite pie. among…

a magazine provided results from a poll of 2000 adults who were asked to identify their favorite pie. among the 2000 respondents, 12% chose chocolate pie, and the margin of error was given as ±3 percentage points. what values do p̂, q̂, n, e, and p represent? if the confidence level is 95%, what is the value of α? the value of p̂ is the value of q̂ is the value of n is the value of e is the value of p is
Answer
Explanation:
Step1: Define $\hat{p}$
$\hat{p}$ is the sample - proportion. Given that 12% of 2000 respondents chose chocolate pie, so $\hat{p}=0.12$.
Step2: Define $\hat{q}$
$\hat{q}=1 - \hat{p}$. Substituting $\hat{p}=0.12$, we get $\hat{q}=1 - 0.12 = 0.88$.
Step3: Define $n$
$n$ is the sample - size. Here, $n = 2000$ (the number of respondents in the poll).
Step4: Define $E$
$E$ is the margin of error. Given that the margin of error is $\pm3$ percentage points, so $E = 0.03$.
Step5: Define $p$
Since we have no prior information about the population - proportion $p$, we do not know its value. In the absence of other information, we can only estimate it using $\hat{p}$, but strictly speaking, its true value is unknown.
Step6: Calculate $\alpha$
The confidence level is 95%, so the confidence level $C=0.95$. We know that $\alpha=1 - C$. Substituting $C = 0.95$, we get $\alpha=1 - 0.95=0.05$.
Answer:
The value of $\hat{p}$ is $0.12$ The value of $\hat{q}$ is $0.88$ The value of $n$ is $2000$ The value of $E$ is $0.03$ The value of $p$ is unknown The value of $\alpha$ is $0.05$