In: Math
If, based on a sample size of 850, a political candidate finds that 471 people would vote for him in a two-person race.
a. A 90% confidence interval for his expected proportion of the vote is ____ , ____
b. Would he be confident of winning based on this poll?
Solution :
Given that,
n = 850
x = 471
Point estimate = sample proportion = = x / n = 471/850=0.554
1 - = 1-0.554=0.446
At
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.645(((0.554-0.0.446) /850 )
= 0.028
A 90% confidence interval for population proportion p is ,
- E < p < + E
0.554-0.028 < p <0.554+0.028
0.526<p<0.582
(b)
Standard normal deviate for α = Zα = 1.645
Proportion of positive results = P = x/N = 0.554
Lower bound = P - (Zα*SEM) = 0.526
Upper bound = P + (Zα*SEM) = 0.582