In: Statistics and Probability
Ms. Maria is considering running for mayor for Bear Gulch. Before completing the petitions, she conducted a survey of voters in Bear Gulch. A sample of 500 voters reveals 400 would support her in the upcoming election.
a. Estimate the value of the population proportion.
b. What is the 95% confidence interval?
Solution :
Given that,
n = 500
x = 400
Point estimate = sample proportion = = x / n = 400/500=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) / 500)
E = 0.0351
A 95% confidence interval for population proportion p is ,
- E < p < + E
0.8-0.0351 < p < 0.8+0.0351
0.7649< p < 0.8351
The 95% confidence interval for the population proportion p is : 0.7649, 0.8351