In: Statistics and Probability
The CEO of a company wants to estimate the percent of employees that use company computers to go on Facebook during work hours. He selects a random sample of 200 of the employees and finds that 76 of them logged onto Facebook that day. Construct a 95% confidence interval for the population proportion.
Answer the following questions in the Answer box.
a. i) Sample proportion = ? a. ii) critical value Z = ? a. iii) Standard error = ? a. iv) Margin of error = ? a. v) Lower limit = ? a. vi) upper limit = ?
n = number of employees selected randomly = 200
x = number of employees logged onto Facebook that day = 76
i) Sample proportion:
Sample proportion = = 0.38
ii)
Confidence level = c = 0.95
z critical value for (1+c)/2 = (1+0.95)/2 = 0.975 is
zc = 1.96 (From statistical table of z values)
Critical value z = 1.96
iii)
Standard error:
SE = 0.0343 (Round to 4 decimal)
Standard error = 0.0343
iv)
Margin of error (e) :
e = 1.96 * 0.0343
e = 0.0672 (Round to 4 decimal)
Margin of error = 0.0672
v)
Lower limit = - e
= 0.38 - 0.0672
= 0.3128 (Round to 4 decimal)
Lower limit = 0.3128
vi)
Upper limit = + e
= 0.38 + 0.0672
= 0.4472 (Round to 4 decimal)
Upper limit = 0.4472