the population proportion is 0.40, what is the probability that a simple proportion will be within +0.03, -0.03 of the population proportion if the sample size in 200?
Solution
Given that,
p = 0.40
1 - p = 0.60
n = 200
= p = 0.40
= [p ( 1 - p ) / n] = [(0.40 * 0.60) / 200 ] = 0.0346
= P[(-0.03 / 0.0346) / < ( - ) / < (0.03 / 0.0346) / ]
= P(-0.87 < z < 0.87)
= P(z < 0.87) - P(z < -0.87)
= 0.8078 - 0.1922
= 0.6156
Probability = 0.6156
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