Question

In: Statistics and Probability

Assume that population proportion is to be estimated from the sample described. Use the sample results...

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.

Solutions

Expert Solution

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


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