In: Statistics and Probability
Find the margin of error and 95% confidence interval for the following surveys. Round all answers to 2 decimal places.
(a) A survey of 500 people finds that 60% plan to vote for Smith for governor.
Margin of Error (as a percentage): Correct
Confidence Interval: % to %
(b) A survey of 1500 people finds that 55% support stricter penalties for child abuse.
Margin of Error (as a percentage): Correct
Confidence Interval: % to %
Given:
Confidence level = 95% = 0.95
α = 1 - confidence level = 1-0.95 = 0.05
α/2 = 0.025
Now, we need to find Z-Critical value.
We can find out Z value using Z table or technology like excel.
Use the following excel command for finding the Z critical value.
=ABS(NORMSINV(α/2))
=ABS(NORMSINV(0.025))
Hence, we will get, Z = 1.96
Part A:
Sample size (n) = 500
Following is the formula to find the confidence interval.
Where, E: Margin of error.
Plug the values in the formula of margin of error.
Margin oferror (E) = 0.04294
Now, plug the values in the formula of the confidence interval.
Lower bound = 0.56
Upper bound = 0.64
We will get, 95% confidence interval , 0.56 < p < 0.64
Part B:
Sample size (n) = 1500
Following is the formula to find the confidence interval.
Where, E: Margin of error.
Plug the values in the formula of margin of error.
Margin oferror (E) = 0.2518
Now, plug the values in the formula of the confidence interval.
Lower bound = 0.52
Upper bound = 0.58
We will get, 95% confidence interval , 0.52 < p < 0.58