In: Statistics and Probability
Sol:
a) What is our SE measure for this data?
p^=0.40
SE=sqrt(p^*(1-p)^/n)
=sqrt(0.40*(1-0.40)/16000)
=0.003872983
b) What is the value for a 99% confidence interval for p?
zcrit for 99%=2.576
99% confidence interval for p is
p^-Z*SE,p^+Z*SE
0.40-2.576*0.003872983,0.40+2.576*0.003872983
0.3900232,0.4099768
c) Write out the confidence interval.
0.3900232<p<0.4099768
99% confidence interval for p is
[0.3900232,0.4099768]