In: Math
Assume that a sample is used to estimate a population proportion p. Find the 95% confidence interval for a sample of size 380 with 125 successes. Enter your answer as a tri-linear inequality using decimals (not percents) accurate to three decimal places.
___ < p < ____
Answer should be obtained without any preliminary rounding. However, the critical value may be rounded to 3 decimal places.
Solution :
Given that,
n = 380
x = 125
Point estimate = sample proportion = = x / n = 125 / 380 = 0.329
1 - = 1 - 0.329 = 0.671
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 * (((0.329*0.671) /380 )
= 0.047
A 95% confidence interval for population proportion p is ,
- E < p < + E
0.329-0.047 < p <0.329+0.047
0.282< p <0.376
The 95% confidence interval for the population proportion p is : 0.282 , 0.376