Assume that a sample is used to estimate a population proportion p. Find the 99.5% confidence interval for a sample of size 85 with 49 successes. Enter your answer as a tri-linear inequality using decimals (not percents) accurate to three decimal places.
Solution :
Given that,
Point estimate = sample proportion = = x / n = 49 / 85 = 0.576
1 - = 1 - 0.576 = 0.424
Z/2 = 2.807
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.807 * (((0.576 * 0.424) / 85)
Margin of error = E = 0.150
A 99.5% confidence interval for population proportion p is ,
- E < p < + E
0.576 - 0.150 < p < 0.576 + 0.150
0.426 < p < 0.726
The 99.5% confidence interval for the population proportion p is : 0.426 , 0.726
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