A random sample of 100 employees at a company shows that 62 are female. Form a 90% confidence interval for the proportion of all employees who are female. The interval is 0.62 what margin of error? Round your answer to 3 decimal places.
Solution :
Given that,
n = 100
x = 62
Point estimate = sample proportion = = x / n = 62/100=0.62
1 - = 1- 0.62 =0.38
At 90% confidence level the z is
= 1 - 90% = 1 - 0.90 = 0.1
/ 2 = 0.1 / 2 = 0.05
Z/2 = Z0.05 = 1.645 ( Using z table )
Margin of error = E= Z/2 * (( * (1 - )) / n)
= 1.645 *((0.62*0.38) /100 )
E = 0.0798
Margin of error = E = 0.0798
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