In: Statistics and Probability
Use the normal distribution to find a confidence interval for a proportion p given the relevant sample results. Give the best point estimate for p, the margin of error, and the confidence interval. Assume the results come from a random sample.
A 90% confidence interval for p given that p (with the hat)= 0.4 and n equals 475.
Round your answer for the best point estimate to two decimal places, and your answers for the margin of error and the confidence interval to three decimal places
. Best point estimate =
Margin of error
The 90% confidence interval is what to what
Solution :
Given that,
n = 475
Point estimate = sample proportion =
= 0.40
1 -
= 1 - 0.40 = 0.60
At 90% confidence level the z is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2
= Z0.05 = 1.645
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 1.645 * (((0.40
* 0.60) / 475)
= 0.037
A 90% confidence interval for population proportion p is ,
- E < p <
+ E
0.4 - 0.037 < p < 0.4 + 0.037
0.636 < p < 0.437
The 95% confidence interval for the population proportion p is : (0.363 , 0.437)