In: Math
The Fox TV network is considering replacing one of its prime-time crime investigation shows with a new family-oriented comedy show. Before a final decision is made, network executives commission a sample of 500 viewers. After viewing the comedy, 250 indicated they would watch the new show and suggested it replace the crime investigation show.
A) Estimate the value of the population proportion. (Round the z-values to 2 decimal places. Round your answer to 3 decimal places.)
B) Develop a 90% confidence interval for the population proportion. (Use z Distribution Table.) (Round the z-values to 2 decimal places. Round your answers to 3 decimal places.)
Solution:
Given:
n = 500
x = Number of viewers indicated they would watch the new show and suggested it replace the crime investigation show
x = 250
Part A) Estimate the value of the population proportion.
Part B) Develop a 90% confidence interval for the population proportion.
Formula:
where
Zc is z critical value for c = 90% confidence level.
Find Area = ( 1 + c ) / 2 = ( 1 + 0.90) / 2 = 1.90 / 2 = 0.9500
Look in z table for Area = 0.9500 or its closest area and find corresponding z value.
Area 0.9500 is in between 0.9495 and 0.9505 and both the area are at same distance from 0.9500
Thus we look for both area and find both z values
Thus Area 0.9495 corresponds to 1.64 and 0.9505 corresponds to 1.65
Thus average of both z values is : ( 1.64+1.65) / 2 = 1.645
Thus Zc = 1.645
Thus
Thus
Thus a 90% confidence interval for the population proportion is