In: Math
Assume that a sample is used to estimate a population proportion p. Find the 95% confidence interval for a sample of size 243 with 27.2% successes. Enter your answer as a tri-linear inequality using decimals (not percents) accurate to three decimal places.
Solution :
Given that,
n = 243
= 27.2% = 0.272
1 - = 1 - 0.272 = 0.728
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
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * (((0.272 * 0.728) / 243)
= 0.056
A 95% confidence interval for population proportion p is ,
- E < P < + E
0.272 - 0.056 < p < 0.272 + 0.056
0.216 < p < 0.328
The 95% confidence interval for the population proportion p is : (0.216 , 0.328)