In: Statistics and Probability
A political pollster is conducting an analysis of sample results in order to make predictions on election night. Assuming a two-candidate election, if a specific candidate receives at least 54% of the vote in the sample, that candidate will be forecast as the winner of the election. You select a random sample of 100 voters. Complete parts (a) through (c) below.
a.
The probability is ______ that a candidate will be forecast as the winner when the population percentage of her vote is 50.1%.
b.
The probability is _____that a candidate will be forecast as the winner when the population percentage of her vote is 56%
c.
| What
is the probability that a candidate will be forecast as the winner
when the population percentage of her vote is
 49% (and she will actually lose the election)? d. The probability is _____ that a candidate will be forecast as the winner when the population percentage of her vote is 50.1%. The probability is_____that a candidate will be forecast as the winner when the population percentage of her vote is 56%. The probability is ______that a candidate will be forecast as the winner when the population percentage of her vote is 49%. E. Choose the correct answer below. A. Increasing the sample size by a factor of 4 increases the standard error by a factor of 2. Changing the standard error doubles the magnitude of the standardized Z-value. B. Increasing the sample size by a factor of 4 decreases the standard error by a factor of 2. Changing the standard error decreases the standardized Z-value to half of its original value. C. Increasing the sample size by a factor of 4 increases the standard error by a factor of 2. Changing the standard error decreases the standardized Z-value to half of its original value. D. Increasing the sample size by a factor of 4 decreases the standard error by a factor of 2. Changing the standard error doubles the magnitude of the standardized Z-value.  | 
a)
population proportion ,p=   0.501  
   
n=   100      
          
std error , SE = √( p(1-p)/n ) =    0.0500  
   
          
sample proportion , p̂ =   0.54  
   
Z=( p̂ - p )/SE=   0.780  
   
P ( p̂ >    0.54   ) =P(Z > ( p̂ - p
)/SE) =  
          
=P(Z >   0.780   ) =   
0.2177(answer)
The probability is _21.77%____ that a candidate will be forecast as the winner when the population percentage of her vote is 50.1%
b)
population proportion ,p=   0.56  
   
n=   100      
          
std error , SE = √( p(1-p)/n ) =    0.0496  
   
          
sample proportion , p̂ =   0.54  
   
Z=( p̂ - p )/SE=   -0.403  
   
P ( p̂ >    0.54   ) =P(Z > ( p̂ - p
)/SE) =  
          
=P(Z >   -0.403   ) =   
0.6565(answer)
The probability is__65.65%___that a candidate will be forecast as the winner when the population percentage of her vote is 56%.
c)
population proportion ,p=   0.49  
   
n=   100      
          
std error , SE = √( p(1-p)/n ) =    0.0500  
   
          
sample proportion , p̂ =   0.54  
   
Z=( p̂ - p )/SE=   1.000  
   
P ( p̂ >    0.54   ) =P(Z > ( p̂ - p
)/SE) =  
          
=P(Z >   1.000   ) =   
0.1586
The probability is ___15.86%___that a candidate will be forecast as the winner when the population percentage of her vote is 49%
E. Choose the correct answer below
std error , SE = √( p(1-p)/n ) so, SE is inversely proportional sqrt of n
and Z=( p̂ - p )/SE, so, Z is inversely proportional to SE
hence answer is
option d)
Increasing the sample size by a factor of 4 decreases the standard error by a factor of 2. Changing the standard error doubles the magnitude of the standardized Z-value.