In: Statistics and Probability
The Fox TV network is considering replacing one of its prime-time crime investigation shows with a new family-oriented comedy show. Before a final decision is made, network executives commission a sample of 450 viewers. After viewing the shows, 200 indicated they would watch the new show and suggested it replace the crime investigation show.
Solution :
Given that,
n = 450
x = 200
a)
Point estimate = sample proportion = = x / n = 0.444
1 - = 0.556
b)
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01 = 2.326
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.326 * (((0.444 * 0.556) / 450)
= 0.054
A 98% confidence interval for population proportion p is ,
- E < p < + E
0.444 - 0.054 < p < 0.444 + 0.054
0.390 < p < 0.498
The 98% confidence interval for the population proportion p is : (0.390 , 0.498)