select the correct answer from the drop - down menu.\na survey conducted in a certain town found that 1 out…

select the correct answer from the drop - down menu.\na survey conducted in a certain town found that 1 out of every 5 individuals owned a bike. a statistician calculated the margin of error to be 1.5%.\nthe maximum percentage of individuals who own a bike is

select the correct answer from the drop - down menu.\na survey conducted in a certain town found that 1 out of every 5 individuals owned a bike. a statistician calculated the margin of error to be 1.5%.\nthe maximum percentage of individuals who own a bike is

Answer

Explanation:

Step1: Calculate the sample proportion

The sample proportion (p) is the proportion of individuals who own a bike in the sample. Given that 1 out of every 5 individuals owned a bike, (p=\frac{1}{5}=0.2 = 20%)

Step2: Calculate the maximum percentage

The margin of error (E = 1.5%). The formula for the maximum value of a proportion in a confidence - interval (when we want the upper bound) is (p+E)

Substitute (p = 20%) and (E=1.5%) into the formula: (20%+1.5%=21.5%)

Answer:

(21.5%)