In: Math
A population proportion is 0.5. A sample of size 200 will be taken and the sample proportion will be used to estimate the population proportion. Use z-table.
Round your answers to four decimal places. Do not round intermediate calculations.
a. What is the probability that the sample proportion will be within +/-0.02 of the population proportion?
b. What is the probability that the sample proportion will be within +/-0.07 of the population proportion?
Solution
Given that,
= [p ( 1 - p ) / n] = [(0.5 * 0.5) / 200] = 0.0354
a.
= P[(-0.02) /0.0354 < ( - ) / < (0.02) / 0.0354]
= P(-0.56 < z < 0.56)
= P(z < 0.56) - P(z < -0.56)
= 0.7123 - 0.2877
= 0.4246
Probability = 0.4246
b.
= P[(-0.07) /0.0354 < ( - ) / < (0.07 ) / 0.0354]
= P(-1.98 < z < 1.98)
= P(z < 1.98) - P(z < -1.98)
= 0.9761 - 0.0239
= 0.9522
Probability = 0.9522