In: Statistics and Probability
Solution :
Given that,
n = 1400
x = 805
Point estimate = sample proportion =
= x / n = 805/1400=0.575
1 -
= 1- 0.575 =0.425
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2
= Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2 *
(((
* (1 -
)) / n)
= 1.96 (((0.575*0.425)
/ 1400)
E = 0.026
A 95% confidence interval for proportion p is ,
- E < p <
+ E
0.575-0.026 < p < 0.575+0.026
(0.549 , 0.601)