00:01
Hello everyone, let us look into the question.
00:04
So, first thing is we need to find the point estimate of the proportion of the population of adults who do think that today's children will be better of than their parents.
00:34
So, we are discussing conducting a survey with respect to the adults, what they are thinking about today's children, so that is the content here.
00:46
And we need to find the proportion of students, those proportion of adults, those who say yes and those who say no.
00:56
So, here it is given that 34 percent of adults say that the today's children are better than their parents, therefore the proportion is 0 .34.
01:09
The second part is we need to find the margin of error at 95 percent confidence level.
01:15
So, he said that 0 .05 multiplied by square root of p times 1 minus p divided by n which is 1 .96 multiplied by square root of 0 .34 multiplied by 1 minus 0 .34 divided by 1000 which is equal to 0 .0308, this is the required margin of error.
01:38
Hence, e equal to 0 .0308.
01:45
And the third part is we have to find the 95 percent confidence interval...