In: Statistics and Probability
Assume that a sample is used to estimate a population proportion p. Find the margin of error M.E. that corresponds to a sample of size 272 with 23.2% successes at a confidence level of 95%.
Solution :
Given that,
n = 272
Point estimate = sample proportion = =23.2%=0.232
1 - = 1- 0.232 =0.768
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2 * ((( * (1 - )) / n)
= 1.96 (((0.232*0.768) /272 )
E = 0.05016