In: Statistics and Probability
The population proportion is 0.40. What is the probability that a sample proportion will be within ±0.04 of the population proportion for each of the following sample sizes? (Round your answers to 4 decimal places.)
(a)n = 100
(b) n = 200
(c) n = 500
(d) n = 1,000
(e) What is the advantage of a larger sample size?
the population proportion p = 0.40
standard error =
to find the probability that a sample proportion will be within ±0.04 of the population proportion, we will use Z distribution
a) standard error for n= 100 is
the probability that a sample proportion will be within ±0.04 of the population proportion=
b)
standard error for n= 200 is
the probability that a sample proportion will be within ±0.04 of the population proportion=
c)
standard error for n= 500 is
the probability that a sample proportion will be within ±0.04 of the population proportion=
d)
standard error for n= 1000 is
the probability that a sample proportion will be within ±0.04 of the population proportion=
e) as the sample size increases the standard error reduces.