Suppose a random sample of size 12, of which 6 have a certain criteria, is drawn from a population.
a) If we were to use confidence interval procedures based on the normal distribution, what is the zα2 value for a 50 % confidence interval for p, the population proportion?
Round your response to at least 2 decimal places.
b) What is the margin of error for a 50 % confidence interval for p?
Round your response to at least 3 decimal places.
c) Was it reasonable to use the confidence interval procedures in this situation? Yes or No
Solution,
Given that,
n = 12
x = 6
a)
At 50% confidence level the z is ,
= 1 - 50% = 1 - 0.50 = 0.5
/ 2 = 0.5 / 2 = 0.25
Z/2 = Z 0.25 = 0.67
b)
Point estimate = sample proportion = = x / n = 6/12 = 0.5
1 - = 1 - 0.5 = 0.5
Z/2 = Z 0.25 = 0.67
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 0.67 * (((0.5 * 0.5) /12 )
E = 0.144
c)
Yes
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