In: Statistics and Probability
Out of 600 people sampled, 390 preferred Candidate A. Based on this, find a 99% confidence level for the true proportion of the voting population ( p ) prefers Candidate A. Give your answers as decimals, to three places.
Confidence Interval for the true proportion:
Sample Proportion
n : Sample Size : Number of people sampled = 600
Number of people preferred candidate 'A' = 390
Sample Proportion : Sample proportion of people preferred Candidate 'A' = 390/600 = 0.65
Confidence Level | 99% |
(= 100-99/100=1/100 ) = 0.01 | 0.01 |
/2 (=0.01/2=0.005) | 0.005 |
2.5758 |
99% confidence level for the true proportion of the voting population ( p ) prefers Candidate A
99% confidence level for the true proportion of the voting population ( p ) prefers Candidate A = (0.600, 0.700)