In: Math
A poll is taken in which 332 out of 500 randomly selected voters
indicated their preference for a certain candidate.
(a) Find a 90% confidence interval for pp.
≤p≤
(b) Find the margin of error for this 90% confidence interval for
p.
Solution:
Given: A poll is taken in which 332 out of 500 randomly selected voters indicated their preference for a certain candidate.
That is:
n = 500
x = 332
thus
Part a) Find a 90% confidence interval for p
Formula:
where
Zc is z critical value for c = 90% confidence level.
Find Area = ( 1 + c ) / 2 = ( 1 + 0.90) / 2 = 1.90 / 2 = 0.9500
Look in z table for Area = 0.9500 or its closest area and find corresponding z value.
Area 0.9500 is in between 0.9495 and 0.9505 and both the area are at same distance from 0.9500
Thus we look for both area and find both z values
Thus Area 0.9495 corresponds to 1.64 and 0.9505 corresponds to 1.65
Thus average of both z values is : ( 1.64+1.65) / 2 = 1.645
Thus Zc = 1.645
Thus
Thus
Part b) Find the margin of error for this 90% confidence interval for p.