In: Statistics and Probability
Determine the margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 for the following sample sizes. a. nequals100 b. nequals200 c. nequals250 LOADING... Click the icon to view a portion of the Cumulative Probabilities for the Standard Normal Distribution table. a. The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size nequals100 is nothing. (Round to three decimal places as needed.) b. The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size nequals200 is nothing. (Round to three decimal places as needed.) c. The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size nequals250 is nothing. (Round to three decimal places as needed.)
Solution:
The formula for margin of error for the population proportion is given as below:
Margin of error = Z* sqrt(P*(1 – P)/n)
Where, P is the sample proportion, Z is critical value, and n is sample size.
We are given
Confidence level = 95%
So, the critical value Z by using z-table is given as below:
Z = 1.96
Sample proportion = P = 0.70
Part a)
We are given
n = 100
P = 0.70
(1 – P) = 1 – 0.70 = 0.30
Z = 1.96
Margin of error = Z* sqrt(P*(1 – P)/n)
Margin of error = 1.96*sqrt(0.70*0.30/100)
Margin of error = 1.96* 0.045826
Margin of error = 0.089819
The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size n =100 is 0.090.
Part b
We are given
n = 200
P = 0.70
(1 – P) = 1 – 0.70 = 0.30
Z = 1.96
Margin of error = Z* sqrt(P*(1 – P)/n)
Margin of error = 1.96*sqrt(0.70*0.30/200)
Margin of error = 1.96* 0.032404
Margin of error = 0.063512
The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size n =200 is 0.064.
Part c
We are given
n = 250
P = 0.70
(1 – P) = 1 – 0.70 = 0.30
Z = 1.96
Margin of error = Z* sqrt(P*(1 – P)/n)
Margin of error = 1.96*sqrt(0.70*0.30/250)
Margin of error = 1.96* 0.028983
Margin of error = 0.056807
The margin of error for a 95% confidence interval to estimate the population proportion with a sample proportion equal to 0.70 and sample size n =250 is 0.057.