Survey 40 people and ask them this question: “What is your favorite soft drink?” You record your results and realize that 10 of those people chose Dr. Pepper. You calculated your sample proportion for the 10 individuals who chose Dr. Pepper, and standard error. The following are your results:
Proportion: 0.25
Standard Error: 0.0684
You then ask a friend what percentage of people do you think would say that Dr. Pepper is their favorite soft drink? You friend claims that 20% of surveyers will choose Dr. Pepper.
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