In: Statistics and Probability
Suppose we take a poll (random sample) of 3992 students classified as Juniors and find that 2818 of them believe that they will find a job immediately after graduation.
What is the 99% confidence interval for the proportion of Juniors who believe that they will, immediately, be employed after graduation.
GIVEN:
Sample size of students classified as juniors
Number of juniors who believe that they will find a job immediately after graduation
FORMULA USED:
The formula for 99% confidence interval for population proportion is,
where
is the sample proportion of juniors who believe that they will find a job immediately after graduation.
is the z critical value at 99% confidence level.
CRITICAL VALUE:
The z critical value at 99% confidence level is .
CALCULATION:
The sample proportion is given by,
The 99% confidence interval for proportion of Juniors who believe that they will, immediately, be employed after graduation is,
The correct answer is . Thus the 99% confidence interval for proportion of Juniors who believe that they will, immediately, be employed after graduation is .