In: Statistics and Probability
An accounting professor is notorious for being stingy in giving
out good letter grades. In a large section of 170 students in the
fall semester, she gave out only 2% A's, 18% B's, 35% C's, and 45%
D's and F's. Assuming that this was a representative class, compute
the 85% confidence interval of the probability of getting at least
a B from this professor. (You may find it useful to
reference the z table. Round intermediate calculations to at least
4 decimal places. Round "z" value and final answers to 3
decimal places.)
Solution :
Given that,
Point estimate = sample proportion = = 0.18
Z/2 = 1.44
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.44 * (((0.18 * 0.82) / 170)
= 0.042
A 85% confidence interval for population proportion p is ,
- E < p < + E
0.18 - 0.042 < p < 0.18 + 0.042
0.138 < p < 0.222
(0.138 , 0.222)