In: Statistics and Probability
In a Harris poll of 514 human resource professionals, 90% said that the appearance of a job applicant is most important for a good first impression. Construct a 99% confidence interval for the proportion of all human resource professionals believing that the appearance of a job applicant is most important for a good first impression. Also, find the margin of error.
Solution :
Given that,
n = 514
Point estimate = sample proportion = =90%=0.90
1 - = 1- 0.90 =0.10
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576 ( Using z table )
Margin of error = E = Z / 2 * (((( * (1 - )) / n)
= 2.576* (((0.90*0.10) /514 )
E = 0.034
A 99% confidence interva proportion p is ,
- E < p < + E
0.90 - 0.034 < p < 0.90+0.034
0.866< p < 0.934
(0.866 , 0.934 )