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%. What is the maximum percentage of individuals who own a bike?

Question

kropot72 · Answer

Do you know what percentage of individuals in the survey own a bike?

anonymous · Answer

yes,

21.5%

20%

6.5%

30%

kropot72 · Answer

So given that 1 in 5 individuals in the survey own a bike, what percentage own a bike?

kropot72 · Answer

To help you I will give an example:
If 1 in 20 people own a sports car, the percentage of people that own a sports car is found as follows:$$Percentage\ that\ own\ a\ sports\ car=\frac{1}{20}\times100=0.05\times100=5\ percent$$
Now returning to your question:
Given that 1 in 5 individuals in the survey own a bike, what percentage own a bike?