In: Statistics and Probability
Assume that a random sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. n equals 500 comma x equals 200 comma 90 % confidence The margin of error Eequals nothing. (Round to four decimal places as needed.)
SOLUTION:
From given data,
Assume that a random sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. n equals 500 comma x equals 200 comma 90 % confidence The margin of error Eequals nothing. (Round to four decimal places as needed.)
Where,
x = 200
n = 500
= x / n = 200 / 500 = 0.4
90% confidence interval
Confidence interval is 90%
90% = 90/100 = 0.90
= 1 - Confidence interval = 1-0.90 = 0.10
/2 = 0.10 / 2
= 0.05
Z/2 = Z0.05 = 1.645
The margin of error
The margin of error = Z/2 * sqrt((1-) / n )
The margin of error = 1.645 * sqrt(0.4(1-0.4) / 500 )
The margin of error = 1.645 * 0.0219089023
The margin of error = 0.0360