In: Statistics and Probability
You survey 1012 Americans and find that 587 support legalizing marijuana. What is your estimate of the percent of Americans who support legalizing marijuana? What is a 95% confidence interval on your estimate?
Solution :
Given that,
n = 1012
x = 587
Point estimate = sample proportion = = x / n = 587 / 1012 = 0.580
1 - = 1 - 0.580 = 0.420
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * (((0.580 * 0.420) / 1012)
= 0.030
A 95% confidence interval for population proportion p is ,
- E < p < + E
0.580 - 0.030 < p < 0.580 + 0.030
0.550 < p < 0.610
The 95% confidence interval for the population proportion p is : (0.550 , 0.610)