In: Statistics and Probability
Out of 500 people sampled, 380 had kids. Based on this,
construct a 99% confidence interval for the true population
proportion of people with kids.
Give your answers as decimals, to three places
________ < p < ___________
Given that,
n = 500
x = 380
Point estimate = sample proportion =
= x / n = 380/500=0.76
1 -
= 1-0.76=0.24
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 ( Using z table )
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 2.576 (((0.76*0.24)
/ 500)
E = 0.049
A 99% confidence interval for population proportion p is ,
- E < p <
+ E
0.76 -0.049 < p < 0.76+0.049
0.711< p < 0.809
The 99% confidence interval for the population proportion p is : 0.711, 0.809