In: Statistics and Probability
A political candidate wants to estimate her chances of winning the coming election for mayor. Out of a random sample of 500 voters, 240 voters stated they supported the candidate. Find the 95% confidence interval for , the true proportion of supporters. p (a) (.42, .54) (b) (.44, .52) (c) (.46, .40) (d) (.47, .49) (e) (.38, .58)
solution:
Given that,
n = 500
x = 240
= x / n = 240 / 500.= 0.48
1 - = 1 - 0.48 = 0.52
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 * (((0.48 * 0.52) / 500) = 0.04
A 95 % confidence interval for proportion p is ,
- E < P < + E
0.48 - 0.04 < p < 0.48 + 0.04
0.44 < p < 0.52
(0.44,0.52)
correct option (b)