According to a report published by Gallup Institute on February 20, 2020, based on the interview that took place between February 3 and February 16, 77% of 1,028 randomly selected American adults felt they were generally confident in the federal government’s ability to handle a potential corona-virus outbreak. Find the 98% confidence interval.2.
Answer)
N = 1028
P = 0.77
First we need to check the conditions of normality that is if n*p and n*(1-p) both are greater than 5 or not
N*p = 791.56
N*(1-p) = 236.44
Both the conditions are met so we can use standard normal z table to estimate the interval
Critical value z from z table for 98% confidence level is 2.33
Margin of error (MOE) = Z*√{P*(1-P)}/√N
Z = 2.33
P = 0.77
N = 1028
After substitution
MOE = 0.03058219437
Interval is given by
(P-MOE, P+MOE)
(0.73941780562, 0.80058219437)
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