In: Statistics and Probability
A 2010 headline stated that "73% say Woman President Likely in the next 10 years." The report gives the results of a survey of 1000 randomly selected likely voters in the US. Find and interpret a 95% confidence interval for the proportion of likely voters in the US in 2010 who thought a woman president is likely in the next 10 years.
Solution :
Given that,
n = 1000
Point estimate = sample proportion = =73%=0.73
1 - = 1- 0.73=0.27
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z / 2 * ((( * (1 - )) / n)
= 1.96 (((0.73*0.27 /1000 )
= 0.028
95% confidence interval for the proportion
- E < p < + E
0.73 - 0.028 < p < 0.73+0.028
0.702< p < 0.758
interpret a 95% confidence interval for the proportion of likely voters in the US in 2010 who thought a woman president is likely in the next 10 years (0.702 , 0.758)