In: Statistics and Probability
In a random sample of 300 residents of Arizona, 90 believe that there is intelligent life on Mars.
Find:
a. p̂
b. standard of p̂
c. margin of error for 95% confidence interval for p, the percentage in the population who believe that there is life on Mars.
d. 95% confidence interval for p
Solution :
Given that,
n = 300
x = 90
a)
Point estimate = sample proportion =
= x / n = 0.3
1 -
= 0.7
b)
standard error
=
(p*(1-p))/n =
(0.3*0.7)/300
= 0.02646
At 95% confidence level the z is ,
Z/2
= Z 0.025 = 1.96
c)
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 1.96 * (((0.3*0.7)
/300 )
= 0.052
d)
A 95% confidence interval for population proportion p is ,
- E < p <
+ E
0.3 - 0.052 < p < 0.3 + 0.052
0.248 < p < 0.352
The 95% confidence interval for the population proportion p is : ( 0.248 , 0.352 )