In: Statistics and Probability
A hot topic in the news is the possible replacement of the Brent Spence Bridge which connects northern Kentucky to Cincinnati. If the bridge is replaced, it will likely become a toll bridge. A 2013 survey of 1619 northern Kentucky AAA members was asked their opinion on instituting a toll on the Brent Spence Bridge. Of those surveyed, 955 were opposed to tolls.
Solution :
Given that,
n = 1619
x = 955
Point estimate = sample proportion = = x / n = 955 / 1619 = 0.590
1 - = 1 - 0.590 = 0.410
At 96% confidence level
= 1 - 96%
=1 - 0.96 =0.04
/2
= 0.02
Z/2
= Z0.02 = 2.054
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.054 (((0.590 * 0.410) / 1619)
= 0.0251
A 96% confidence interval for population proportion p is ,
± E
= 0.590 ± 0.0251
= ( 0.5649, 0.6151 )
= ( 56.49%, 61.51% )
No because the upper limit of the interval is greater than 60% while the lower limit is less than 60%.
b) margin of error = E = 1.97% = 0.0197
At 98% confidence level
= 1 - 98%
=1 - 0.98 =0.02
/2
= 0.01
Z/2
= 2.326
sample size = n = (Z / 2 / E )2 * * (1 - )
= (2.326 / 0.0197)2 * 0.590 * 0.410
= 3372.27
sample size = n = 3373