Question

In: Statistics and Probability

Out of 500 people sampled, 320 preferred Candidate A. Based on this, estimate what proportion of...

Out of 500 people sampled, 320 preferred Candidate A. Based on this, estimate what proportion of the voting population (p) prefers Candidate A. Use a 90% confidence level, and give your answers as decimals, to three places.

answer ____ < p < answer ____

Solutions

Expert Solution

Solution :

Given that,

n = 500

x = 320

Point estimate = sample proportion = = x / n =320 /500=0.64

1 - = 1-0.64=0.36

At 90% confidence level

= 1 - 90%  

= 1 - 0.90 =0.10

/2 = 0.05

Z/2 = Z0.05 = 1.645 ( Using z table )

Margin of error = E = Z / 2 * (( * (1 - )) / n)

= 1.645 (((0.64*0.36) / 500)

E = 0.035

A 90% confidence interval for population proportion p is ,

- E < p < + E

0.64 -0.035 < p <0.64+ 0.035

0.605< p < 0.675

The 90% confidence interval for the population proportion p is : 0.605< p < 0.675


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