Step 1 :We are given that out of 500 adult residents sampled, 327 like chocolate. We wish to estimate what percent of adult residents in Ventura County like chocolate.
Step 2 :We need to construct a 95% confidence interval for the proportion (p) of adult residents who like chocolate in Ventura County.
Step 3 :We use the formula for the confidence interval for a population proportion: \(\hat{p} \pm Z \sqrt{\frac{\hat{p}(1-\hat{p})}{n}}\), where \(\hat{p}\) is the sample proportion, Z is the Z-score for the desired confidence level (for a 95% confidence level, Z is approximately 1.96), and n is the sample size.
Step 4 :Substituting the given values into the formula, we get \(\hat{p} = 0.654\), Z = 1.96, and n = 500.
Step 5 :We calculate the standard error (se) as \(se = \sqrt{\frac{\hat{p}(1-\hat{p})}{n}} = 0.021273645667821018\).
Step 6 :We then calculate the lower and upper bounds of the confidence interval as \(ci_{lower} = \hat{p} - Z \times se = 0.6123036544910708\) and \(ci_{upper} = \hat{p} + Z \times se = 0.6956963455089292\) respectively.
Step 7 :Final Answer: The 95% confidence interval for the proportion of adult residents who like chocolate in Ventura County is \(\boxed{(0.612, 0.696)}\).