In: Statistics and Probability
1)
sample proportion, = 0.7544
sample size, n = 1405
Standard error, SE = sqrt(pcap * (1 - pcap)/n)
SE = sqrt(0.7544 * (1 - 0.7544)/1405) = 0.011
Given CI level is 95%, hence α = 1 - 0.95 = 0.05
α/2 = 0.05/2 = 0.025, Zc = Z(α/2) = 1.96
Margin of Error, ME = zc * SE
ME = 1.96 * 0.011
ME = 0.0216
CI = (pcap - z*SE, pcap + z*SE)
CI = (0.7544 - 1.96 * 0.011 , 0.7544 + 1.96 * 0.011)
CI = (0.733 , 0.776)
2)
sample proportion, = 0.0967
sample size, n = 15344
Standard error, SE = sqrt(pcap * (1 - pcap)/n)
SE = sqrt(0.0967 * (1 - 0.0967)/15344) = 0.002
Given CI level is 90%, hence α = 1 - 0.9 = 0.1
α/2 = 0.1/2 = 0.05, Zc = Z(α/2) = 1.64
Margin of Error, ME = zc * SE
ME = 1.64 * 0.002
ME = 0.0033
CI = (pcap - z*SE, pcap + z*SE)
CI = (0.0967 - 1.64 * 0.002 , 0.0967 + 1.64 * 0.002)
CI = (0.093 , 0.1)
c)
phat = ( upper bound+ lower bound)/2
= ( 0.234 + 0.405)/2
= 0.320
MArgin of error = upper bound - phat
= 0.405 - 0.320
= 0.085