In: Math
A random sample of 1600 workers in a particular city found 688 workers who had full health insurance coverage. Find a 95% confidence interval for the true percent of workers in this city who have full health insurance coverage. Express your results to the nearest hundredth of a percent.
Answer: _____ to _____ %
Solution :
Given that,
n = 1600
x = 688
Point estimate = sample proportion =
= x / n =688/1600=0.43
1 -
= 1 - 0.43=0.57
At 95% confidence level
= 1 - 95%
= 1 - 0.95 =0.05
/2
= 0.025
Z/2
= Z0.025 = 1.96
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 1.96 (((0.43*0.57)
/1600 )
= 0.024
A 95% confidence interval for population proportion p is ,
- E < p <
+ E
0.43 -0.024 < p <0.43 + 0.024
0.406< p < 0.454
40.6% and 45.4%