In: Statistics and Probability
Caraline is interested in estimating the proportion of students at a certain college who have at least two written final exams. She takes a random sample and finds that 60 of the 75 students she surveyed did indeed have at least 2 written finals. Compute a 99% confindence interval for her and interpret it.
Point estimate = sample proportion = = x / n = 60 / 75 = 0.8
1 - = 1 - 0.8 = 0.2
Z/2 = Z0.005 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 (((0.8 * 0.2) / 75)
= 0.119
A 99% confidence interval for population proportion p is ,
± E
0.8 ± 0.119
(0.681 , 0.919)
We are 99% confident that the true proportion of students at a certain college who have at least two written final exams. between 0.681 and 0.919.