In: Statistics and Probability
Determine the point estimate of the population proportion, the margin of error for the following confidence interval, and the number of individuals in the sample with the specified characteristic, x, for the sample size provided.
Lower bound equals=0.689,
upper bound equals=0.891,
nequals=1200
SOLUTION:
From given data,
Determine the point estimate of the population proportion, the margin of error for the following confidence interval, and the number of individuals in the sample with the specified characteristic, x, for the sample size provided.
Where,
Lower bound = 0.689
Upper bound = 0.891
n =1200
The point estimate
= (Lower bound + Upper bound) / 2
= (0.689 + 0.891) / 2
= 1.58 / 2
= 0.79
The point estimate is = = 0.79
The margin of error
ME = Upper bound - point estimate
ME = 0.891 - 0.79
ME = 0.101
The margin of error is = ME = 0.101
The number of individuals in the sample
X = n*
X = 1200*0.79
X = 948
The number of individuals in the sample is 948.