A planning board in local county is interested in estimating…
A planning board in local county is interested in estimating the proportion of its residents that are in favor of offering incentives to high-tech industries (given lower taxes) to build offices. A random sample of residents from the county was selected and asked, “Are you in favor of offering incentives to high-tech industries to build offices in your county?” A 95% confidence interval for the proportion of residents in favor of offering incentives was calculated to be 0.54±0.05{“version”:”1.1″,”math”:”0.54±0.05″} Which of the following statements is TRUE about this confidence interval?