In: Statistics and Probability
Assume that population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and 95% confidence interval.
Sample size: n = 560. p-hat = 0.8
(560*0.8 = 448 = # of successes)
Find the 95% confidence interval.
Solution :
Given that,
n = 560
Point estimate = sample proportion = = 0.8
1 - = 1- 0.8 =0.2
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 ( Using z table )
Margin of error = E = Z/2 * ((( * (1 - )) / n)
= 1.96 (((0.8*0.2) / 560)
E = 0.0331
A 95% confidence interval for population proportion p is ,
- E < p < + E
0.8-0.0331 < p < 0.8+0.0331
0.7669< p < 0.8331
The 95% confidence interval for the population proportion p is : 0.7669,0.8331