In: Math
A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n equals 942 and x equals 520 who said "yes." Use a 90 % confidence level.
A. Find the best point of estimate of the population of portion p. (Round to three decimal places as needed.)
B. Identify the value of the margin of error E. (round to three decimal places as needed)
C. Construct the confidence interval. _ < p <_ round to three decimal places.
D. Write a statement that correctly interprets the confidence interval.
Solution :
Given that,
n = 942
x = 520
A.
Point estimate = sample proportion =
= x / n = 520/942=0.552
1 -
= 1-0.552=0.448
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
B.
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 1.645 (((0.552*0.448)
/ 942)
E = 0.027
C
A 90% confidence interval for population proportion p is ,
- E < p <
+ E
0.552-0.027 < p <0.552+0.027
0.525< p < 0.579
The 90% confidence interval for the population proportion p is : 0.525 , 0.579
D.:
LOWER LIMIT CI: 0.529
UPPER LIMIT CI : 0.579