In: Statistics and Probability
Confidence Interval
Parameter: What is the true percentage of all my Facebook Friends who have 3+ tattoos?
Statistic: In a sample statistic of 324 Facebook Friends, 162 of them picked 3+ tattoos. This means my statistic, or sample percentage (p) was 50%
Margin of Error: zp(1-p)n=
Z=
p (p-hat) =
n =
Confidence Interval:
(My guess was 40%)
Hypothesis Test
Parameter and Hypothesis: What is the true percentage of all my friends who would identify having 3+ tattoos? Hypothesis (po) = 40%
Test Value: z=p-popo(1-po)n
po=
p (p-hat) =
n =
P-Value:
Decision Rule:
Solution-:
Let, X= Number of Facebook Friends who have 3+ tattoos among the 324
Given:
Sample percentage
Where, (From Z-table)
The 95% C.I. is
The required C.I. is
Given:
Hypothesis:
Vs
The test statistic is given by,
At
(From Z-table)
Decision rule: hence, fail to reject .