In: Statistics and Probability
Out of 300 people sampled, 264 had kids. Based on this,
construct a 99% confidence interval for the true population
proportion of people with kids.
Give your answers as decimals, to three places
______ < p < ______
Solution :
Given that,
n = 300
x = 264
= x / n = 264 / 300 = 0.880
1 - = 1 - 0.880 = 0.120
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 * (((0.880 * 0.120) / 300)
= 0.048
A 99 % confidence interval for population proportion p is ,
- E < P < + E
0.880 - 0.048 < p < 0.880 + 0.048
0.832 < p < 0.928
The 99% confidence interval for the population proportion p is : ( 0.832 , 0.928)