SOLUTION: A 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%. The maximum percentage of indi

Question 1134891: A 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%.
The maximum percentage of individuals who own a bike is _______.
A. 20%
B. 21.5%
C. 30%

Answer by Glaviolette(140) (Show Source): You can put this solution on YOUR website!
While I do not 100% agree with the answer, the best option is 21.5%. Since it was observed that 1 out of 5 owned a bike, that's 20%. The margin of error would be added and subtracted to determine a confidence interval. We would be confident (at whatever level was used) that the actual percentage is between 18.5% and 21.5% but I wouldn't necessarily say that 21.5% is the absolute maximum.
RELATED QUESTIONS
In a recent survey conducted by the Gallup poll, 28% of Males and 36% of Females believe... (answered by Boreal)

Mrs. Ballo's second grade class of 30 conducted a survey of pet ownership and found: 8... (answered by kingme18,richard1234)

In a survey of college students, it was found that: 356 owned an iPod 293 owned a... (answered by josmiceli)

Ella conducted a survey of 100 students and found that 36 owned their own cars. If 850... (answered by jorel1380)

A survey conducted by USA Today showed that 118 of 250 investors owned some real estate. (answered by stanbon)

a company conducted a survey of its employees. the survey found 7 out of every 10... (answered by Cromlix)

A survey of 1180 workers in a plant indicated that 620 owned houses, 680 owned cars, 445... (answered by Shin123)

Electronic Devices In a survey of college students, it was found that�.. 356 owned an... (answered by Edwin McCravy)

A survey of 830 workers in a plant indicated that 520 owned houses, 560 owned cars, 275... (answered by ikleyn)