In: Statistics and Probability
1.) Assume that a sample is used to estimate a population proportion p. Find the 99.9% confidence interval for a sample of size 261 with 40% successes. Enter your answer as a tri-linear inequality using decimals (not percents) accurate to 4 decimal places.
< p <
2.) You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately 78%. You would like to be 99% confident that your estimate is within 2.5% of the true population proportion. How large of a sample size is required?
n=
1)
Solution :
Given that,
n = 261
= 40% = 0.40
1 - = 1 - 0.40 = 0.60
At 99.9% confidence level the z is ,
= 1 - 99.9% = 1 - 0.999 = 0.001
/ 2 = 0.001 / 2 = 0.0005
Z/2 = Z0.0005 = 3.29
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 3.29 * (((0.40 * 0.60) / 261)
= 0.0997
A 99.9% confidence interval for population proportion p is ,
- E < P < + E
0.40 - 0.0997< p < 0.40 + 0.0997
0.3003 < p < 0.4997
2)
Solution :
Given that,
= 78% = 0.78
1 - = 1 - 0.78 = 0.22
margin of error = E = 2.5% = 0.025
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
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.576 / 0.025)2 * 0.78 * 0.22
= 1822
sample size = n = 1822