In: Statistics and Probability
Use the sample data and confidence level given below to complete parts (a) through (d).
A research institute poll asked respondents if they felt vulnerable to identity theft. In the poll, n=905 and x=587 who said "yes." Use a 95% confidence level.
A. find the best point of estimate of the population of portion p.
B. Identify the value of the margin of error E.
E= round to four decimal places as needed.
C. Construct the confidence interval.
_ < p <_ round to three decimal places.
D. Write a statement that correctly interprets the confidence interval.
Solution,
Given that,
n = 905
x = 587
A) Point estimate = sample proportion = = x / n = 587 / 905 = 0.6486
1 - = 1 - 0.6486 = 0.3514
B) At 95% confidence level the z is,
= 1 - 95%
= 1 - 0.95 = 0.05
/2 = 0.025
Z/2 = Z 0.025 = 1.96
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * (((0.6486 * 0.3514) / 905 )
= 0.0311
C) A 95% confidence interval for population proportion p is ,
- E < p < + E
0.6486 - 0.0311 < p < 0.6486 + 0.0311
0.618 < p < 0.680
D) With 95% confidence,that true proportion if they felt vulnerable to identity theft between 0.618 and 0.680.