In: Statistics and Probability
In a random sample of 61 professional actors, it was found that 48 were extroverts. Find a 99% confidence interval for p.
Solution :
Given that,
n = 61
x = 48
Point estimate = sample proportion =
= x / n = 48 / 61 = 0.787
1 -
= 1 - 0.787 = 0.123
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2
= Z0.005 = 2.576
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 2.576 * (((0.787
* 0.213) / 61)
= 0.135
A 99% confidence interval for population proportion p is ,
- E < p <
+ E
0.787 - 0.135 < p < 0.787 + 0.135
0.652 < p < 0.922
The 99% confidence interval for the population proportion p is : 0.652 , 0.922