In: Statistics and Probability
For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a random sample of 67 professional actors, it was found that 37 were extroverts. (a) Let p represent the proportion of all actors who are extroverts. Find point estimates for p and q. (Round your answer to four decimal places.) p̂ = q̂ =
b)
Find a 95% confidence interval for p. (Round your answers to two decimal places.)
Find the maximal margin of error. (Round your answer to two decimal places.)
E =
Report the bounds from the 95% confidence interval for p. (Round your answers to two decimal places.)
lower limit=
upper limit=
Solution :
Given that,
n = 67
x = 37
= x / n = 37 / 67 = 0.5522
q̂ = 1 - = 1 - 0.5522 = 0.4478
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * (((0.5522 * 0.4478) / 67)
Margin of error = 0.12
A 95% confidence interval for population proportion p is ,
- E < P < + E
0.5522 - 0.12 < p < 0.5522 + 0.12
0.43 < p < 0.67
(0.43,0.67)
The 95% confidence interval for p is 0.43 to 0.67.
The bonds from 95% confidence interval for p
Lower limit = 0.43
Upper limit = 0.67