In: Finance
In a survey of 625 males ages 18-64, 393 say they have gone to the dentist in the past year.
Construct 90% and 95% confidence intervals for the population proportion. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.
The 90% confidence interval for the population proportion p is (______,_____). (Round to three decimal places as needed.)
The 95% confidence interval for the population proportion p is (_____,______).(Round to three decimal places as needed.)
Interpret your results of both confidence intervals. Choose the correct answers
A. With the given confidence, it can be said that the sample proportion of males ages 18-64 who say they have gone to the dentist in the past year is between the endpoints of the given confidence interval.
B. With the given confidence, it can be said that the population proportion of males ages 18-64 who say they have gone to the dentist in the past year is between the endpoints of the given confidence interval.
C. With the given confidence, it can be said that the population proportion of males ages 18-64 who say they have gone to the dentist in the past year is not between the endpoints of the given confidence interval.
Which interval is wider? Choose the correct answers.
a.The 90% confidence interval
b.The 95% confidence interval
Proportion of population going to dentist (p) =
393/625=0.6288
Standard Error = t value * (p*(1-p)/n)0.5
Fpr CI = 90%
t distribution has to be used since standrad deviation not
known
alpha = 1- 10%/2 = 95%
Degree of Freedom = 625 -1 = 624
critical value from t table = 1.647
Standard Error (p*(1-p)/n)0.5 =
(0.6288*(1-0.6288)/625)0.5 = 0.019325
a)The 90% confidence interval for the population
proportion p is (0.6288 - 1.647*0.019325,0.6288 +
1.647*0.019325) = (0.597,0.661)
alpha = 1- 5%/2 = 97.5%
Degree of Freedom = 625 -1 = 624
critical value from t table = 1.964
The 95% confidence interval for the population proportion
p is (0.6288 - 1.964*0.019325,0.6288 + 1.964*0.019325) =
(0.591,0.667)
Interpret your results of both confidence intervals. Choose the
correct answers
Option B is Correct. With the given confidence, it can be said
that the population proportion of males ages 18-64 who say they
have gone to the dentist in the past year is between the endpoints
of the given confidence interval.
c)Option b The 95% confidence interval is correct
Please discuss in case of doubt