In: Statistics and Probability
A random sample of 800 movie goers in Flagstaff found 328 movie goers who had bought popcorn on their last visit. Find a 95% confidence interval for the true percent of movie goers in Flagstaff who have bought popcorn on their last visit. Express your results to the nearest hundredth of a percent.
Solution :
Given that,
n = 800
x = 328
Point estimate = sample proportion = = x / n = 328/800=0.41
1 - = 1- 0.41 =0.59
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 (((0.41*0.59) /800 )
E = 0.03408
A 95% confidence interval proportion p is ,
- E < p < + E
0.41-0.03408 < p < 0.41+0.03408
0.3759< p < 0.44408
37.59%<p< 44.41% rounded