In: Statistics and Probability
A poll is taken in which 265 out of 1000 randomly selected voters indicated their preference for a certain candidate. Find a 90% confidence interval. Remember σpˆ = ?pˆ(1−pˆ)
(a)
[4 pts] Find Zα/2:
(b)
[4 pts] Find the confidence interval:
(c)
[4 pts] Find the margin of error:
(d)
[4 pts] Without doing any calculations, indicate whether the margin of error is larger or smaller or the same for a 95% confidence interval. Why you think so?
Solution :
Given that,
n = 1000
x = 265
Point estimate = sample proportion = = x / n = 265/1000=0.265
1 - = 1- 0.265 =0.735
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645 ( Using z table )
Margin of error = E Z/2 *(( * (1 - )) / n)
= 1.645 *((0.265*0.735) /1000 )
E = 0.0230
A 90% confidence interval for population proportion p is ,
- E < p < + E
0.265-0.0230 < p <0.265+ 0.0230
0.2420< p < 0.2880
The 90% confidence interval for the population proportion p is : 0.2420,0.2880
answer is margin of error is larger for a 95% confidence interval