In: Statistics and Probability
Assume that a sample is used to estimate a population proportion
p. Find the 99.5% confidence interval for a sample of size
175 with 75 successes. Enter your answer as an
open-interval (i.e., parentheses) using
decimals (not percents) accurate to three decimal places.
99.5% C.I. =
Answer should be obtained without any preliminary rounding.
However, the critical value may be rounded to 3 decimal places.
Solution :
Given that,
Point estimate = sample proportion = = x / n = 75 / 175 = 0.429
1 - = 0.571
Z/2 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 * [(0.429 * 0.571) / 175]
= 0.096
A 99.5% confidence interval for population proportion p is ,
- E < p < + E
2.576 - 0.096 < p < 2.576 + 0.096
2.480 < p < 2.672
99.5% C.I. = (2.480, 2.672)