In: Statistics and Probability
A research group conducted an extensive survey of 3071 wage and salaried workers on issues ranging from relationships with their bosses to household chores. The data were gathered through hour-long telephone interviews with a nationally representative sample. In response to the question, "What does success mean to you?" 1477 responded, "Personal satisfaction from doing a good job." Let p be the population proportion of all wage and salaried workers who would respond the same way to the stated question. Find a 90% confidence interval for p. (Round your answers to three decimal places.)
lower limit | |
upper limit |
Solution :
Given that,
n = 3071
x = 1477
Point estimate = sample proportion = = x / n = 1477 / 3071 = 0.481
1 - = 1 - 0.481 = 0.519
At 90% confidence level the z is,
= 1 - 0.90 = 0.10
/2 = 0.05
Z/2 = Z0.05 = 1.645
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.645 * (((0.481 * 0.519) / 3071)
= 0.015
A 90% confidence interval for population proportion p is ,
- E < p < + E
0.481 - 0.015 < p < 0.481 + 0.015
0.466 < p < 0.496
The 90% confidence interval for the population proportion p is :lower limit = 0.466, upper limit = 0.496.