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Give an example of an interval estimate of an average or proportion you may use in...

Give an example of an interval estimate of an average or proportion you may use in your daily life. For instance, you may say that you are pretty sure your average commute time is between 25-30 minutes, or you are fairly confident that between 60-65% of the population love dogs. Collect some data to see how well your intuition is working. First, does your sample data meet all assumptions necessary to construct the confidence interval of the type you need? Even if it doesn’t, construct and interpret the confidence interval. i would like to use this example with monthly paid bills. Please and thank you.

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Answer #1

In the hospital, there were 124 children and 23 of them had colic.

The assumptions of the confidence interval are met.

The confidence interval will be:

The 95% confidence interval is between 0.12 and 0.25.

We are 95% confident that the true population proportion of children having colic is between 0.12 and 0.25.

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