In: Statistics and Probability
If n = 140 and X = 112, construct a 99% confidence interval for the population proportion, p. Give your answers to three decimals
< p
Solution :
Given that,
n = 140
x = 112
Point estimate = sample proportion = = x / n = 112 / 140=0.8
1 - = 1- 0.8 =0.2
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z 0.005 = 2.576 ( Using z table )
Margin of error = E = Z / 2 * (((( * (1 - )) / n)
= 2.576* (((0.8*0.2) /140 )
E = 0.087
A 99% confidence interval is ,
- E < p
0.8 - 0.087< p
0.713< p