In: Statistics and Probability
Out of 300 people sampled, 99 had kids. Based on this, construct a 95% confidence interval for the true population proportion of people with kids. Give your answers as decimals, to four places
< p
Solution :
Given that,
n = 300
x = 99
Point estimate = sample proportion =
= x / n = 99/300=0.33
1 -
= 1- 0.33 =0.67
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2
= Z 0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2 *
(((
* (1 -
)) / n)
= 1.96 (((0.33*0.67)
/300 )
E = 0.053
A 95% confidence interval p is ,
- E < p <
+ E
0.33 - 0.053 < p < 0.33+0.053
0.277< p