In: Statistics and Probability
In a random sample of 509 people, only 138 correctly described the Bill of Rights as the first 10 amendments to the U.S. Constitution. Calculate a 99% confidence interval for the proportion of the entire population that could give a correct description. (Use the value of z rounded to two decimal places. Round your answers to three decimal places.)
Solution :
Given that,
Point estimate = sample proportion = = x / n = 138 / 509 = 0.271
1 - = 0.729
Z/2 = 2.58
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.58 * [(0.271 * 0.729) / 509]
= 0.051
A 99% confidence interval for population proportion p is ,
- E < p < + E
0.271 - 0.051 < p < 0.271 + 0.051
0.220 < p < 0.322
(0.220, 0.322)