Statistics

For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.A random sample of 5,020 permanent dwellings on an entire reservation showed that 1,571 were traditional hogans.(a)Let p be the proportion of all permanent dwellings on the entire reservation that are traditional hogans. Find point estimates for p and q. (Round your answers to four decimal places.)p̂=q̂=(b)Find a 99% confidence interval for p.Find the maximal margin of error, E. (Round your answer to three decimal places.)E = Report the bounds from the 99% confidence interval for p. (Round your answers to three decimal places.)lower limitupper limitGive a brief interpretation of the confidence interval.99% of all confidence intervals would include the true proportion of traditional hogans.99% of the confidence intervals created using this method would include the true proportion of traditional hogans.  1% of all confidence intervals would include the true proportion of traditional hogans.1% of the confidence intervals created using this method would include the true proportion of traditional hogans.(c)Do you think that np > 5 and nq > 5 are satisfied for this problem? Explain why this would be an important consideration.No, the conditions are not satisfied. This is important because it allows us to say that p̂ is approximately binomial.No, the conditions are not satisfied. This is important because it allows us to say that p̂ is approximately normal.  Yes, the conditions are satisfied. This is important because it allows us to say that p̂ is approximately binomial.Yes, the conditions are satisfied. This is important because it allows us to say that p̂ is approximately normal.