In: Statistics and Probability
Find the necessary confidence interval for the binomial proportion p. (Round your answers to three decimal places.) A 90% confidence interval for p, based on a random sample of n = 400 observations from a binomial population with x = 111 successes.
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Solution :
Given that,
n = 400
x = 111
Point estimate = sample proportion = = x / n = 111/400=0.278
1 - = 1- 0.278=0.722
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table )
Margin of error = E Z/2 *(( * (1 - )) / n)
= 1.645 *((0.278*0.722) /400 )
E = 0.037
A 90% confidence interval for population proportion p is ,
- E < p < + E
0.278-0.037 < p < 0.278+0.037
__0.241____to___0.315___