Question

In: Statistics and Probability

Suppose that the sample proportion for the U.S. population aged between 25 and 34 years that...

Suppose that the sample proportion for the U.S. population aged between 25 and 34 years that has a Bachelors’s degree or higher is .35. Further suppose that this estimate came from a survery of 1282 people. (a) What are the end points of a 90% confidence interval estimate for the population proportion? (Round to 2 digits after the decimal place.) [ , ] (b) What are the end points of a 95% confidence interval estimate for the population proportion? (Round to 2 digits after the decimal place.) [ , ] (c) What are the end points of a 99% confidence interval estimate for the population proportion? (Round to 2 digits after the decimal place.) [ , ]

Solutions

Expert Solution

Solution:

Given,

n = 1282 ....... Sample size

Let denotes the sample proportion.

     = 0.35

a) 90% confidence interval estimate

c = 0.90

= 1- c = 1- 0.90 = 0.10

  /2 = 0.10 2 = 0.05 and 1- /2 = 0.950

= 1.645 (use z table)

E = /2 *  

= 1.645 * [0.35 *(1 - 0.35)/1282]

= 0.02

Now the confidence interval is given by

( - E)   ( + E)

(0.35 - 0.02)   (0.35 + 0.02)

0.33 0.37

90% confidence Interval is (0.33 , 0.37)

b)  95% confidence interval estimate

c = 0.95

= 1- c = 1- 0.95 = 0.05

  /2 = 0.05 2 = 0.025 and 1- /2 = 0.975

= 1.96

Now , the margin of error is given by

E = /2 *  

= 1.645 * [0.35 *(1 - 0.35)/1282]

= 0.03

Now the confidence interval is given by

( - E)   ( + E)

(0.35 - 0.03)   (0.35 + 0.03)

0.32 0.38

95% Confidence Interval is (0.32 , 0.38)

c)99% confidence interval

c = 0.99

= 1- c = 1- 0.99 = 0.01

  /2 = 0.005 and 1- /2 = 0.995

Search the probability 0.995 in the Z table and see corresponding z value

= 2.576

Now , the margin of error is given by

E = /2 *  

= 2.576* [0.35 *(1 - 0.35)/1282]

= 0.03

Now the confidence interval is given by

( - E)   ( + E)

(0.35 - 0.03)   (0.35 + 0.03)

0.32    0.38

99% confidence interval Interval is (0.32 , 0.38)


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