Assume that a sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. 95% confidence; nequals=2388, xequals=1672
Solution :
Given that,
n = 2388
x = 1672
Point estimate = sample proportion = = x / n = 1672/2388 = 0.700
1 - = 1 - 0.700 = 0.300
Z/2 = 1.96
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * ((0.700(1- 0.700) /2388 )
= 0.018
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