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
At 95% confidence level the z is ,
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 ,
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)