In: Statistics and Probability
Determine the margin of error for a confidence interval to estimate the population proportion for the following confidence levels with a sample proportion equal to
0.35 and n=120
a)90%
b)95%
c)98%
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a. The margin of error for a confidence interval to estimate the population proportion for the 90 % confidence level is _____(Round to three decimal places as needed.)
b. The margin of error for a confidence interval to estimate the population proportion for the 95 % confidence level is _____(Round to three decimal places as needed.)
c. The margin of error for a confidence interval to estimate the population proportion for the 98 % confidence level is _____(Round to three decimal places as needed.)
a) At 90% confidence interval the critical value is z0.05 = 1.645
Margin of error = z0.05 * sqrt(p(1 - p)/n)
= 1.645 * sqrt(0.35 * (1 - 0.35)/120)
= 0.072
The margin of error for a confidence interval to estimate the population proportion for the 90% confidence level is 0.072
b) At 95% confidence interval the critical value is z0.025 = 1.96
Margin of error = z0.025 * sqrt(p(1 - p)/n)
= 1.96 * sqrt(0.35 * (1 - 0.35)/120)
= 0.085
The margin of error for a confidence interval to estimate the population proportion for the 95% confidence level is 0.085
c) At 98% confidence interval the critical value is z0.01 = 2.33
Margin of error = z0.01 * sqrt(p(1 - p)/n)
= 2.33 * sqrt(0.35 * (1 - 0.35)/120)
= 0.101
The margin of error for a confidence interval to estimate the population proportion for the 98% confidence level is 0.101