In: Statistics and Probability
I have the following statistics problem.
Katrina wants to estimate the proportion of adult Americans who read at least 10 books last year. To do so, she obtains a simple random sample of 100 adult Americans and constructs a 95% confidence interval. Mathew also wants to estimate the proportion of adult Americans who read at least 10 books last year. He obtains a simple random sample of 400 adult Americans and constructs a 99% confidence level. Assuming both Katrina and Mathew obtained the same point estimate, whose estimate will have the smaller margin of error (Make sure to answer the following parts). 1) make up a point estimate for Katrina and Mathew's study. report the point estimate used 2) in order to have the same point estimate, what will be the number of successes in Katrina's study? what will be the number of successes in Mathew's study? 3) compute the confidence interval for both person as the problem described. who has the smaller margin of error? how can you tell?
I have the n, the ‘fish symbol’ and the confidence interval and the confidence interval critical value and the ‘fish’ symbol divided by 2
I’m struggling with the point estimate and the number of success for both and who has the smallest margin of error. I am