In: Math
Solution :
Given that,
a)
= 0.5
1 -
=0.5
margin of error = E = 0.02
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2
= Z0.025 = 1.96
sample size = n = (Z
/ 2 / E )2 *
* (1 -
)
= (1.96 / 0.02)2 * 0.5*0.5
= 2401
sample size = 2401
b)
n = 150
Point estimate = sample proportion =
= 0.84
1 -
= 0.16
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2
= Z0.025 = 1.96
Margin of error = E = Z
/ 2 *
((
* (1 -
)) / n)
= 1.96 * (((0.84*0.16)
/ 150)
= 0.059
A 95% confidence interval for population proportion p is ,
- E < p <
+ E
0.84 - 0.059 < p < 0.84 + 0.059
0.781 < p < 0.899
we can say with 95% confidence that the proportion of southwest flights that arrive on time is between 0.781 and 0.899 with a margin of error 0.059.