Answer:
There is about a 55% chance that the results are from random chance
See below for comment on the dangers of exit polls
Step-by-step explanation:
What we want to do is find the probability of the sample occurring based on the results of the poll being 0.49. Since we have decimals, we are working with proportions. We have
n = 400
p-hat = 208/400 = 0.52
p = 0.49
We first need to calculate the z-score for this situation. See attached photo 1 for the calculation.
The z-score was 0.12, which has a probability of 0.5478
That means there is about a 54.78% chance that the sample poll is a result of random chance.
The problem with exit polls are that they can come from a biased sample. The place they took the poll at could be mostly one sided in their voting preference (democrat or republican). Also, a sample size of only 400 in a town that has a population of over 100,000 isn't a very good representation of the population.