(a) What is the 95% confidence interval for the proportion of people in the population who receive at least some of their news from social media?
(b) Working at the 95% confidence level, how large a sample would be necessary to estimate the population proportion with a margin of error of ±0.02? Assume a planning value of p∗ = 0.68
Answer)
A)
N = 90
P = 61/90
First we need to check the conditions of normality that is if n*p and n*(1-p) both are greater than 5 or not
N*p = 61
N*(1-p) = 29
Both the conditions are met so we can use standard normal z table to estimate the interval
Critical value z from z table for 95% confidence level is 1.96
Margin of error (MOE) = Z*√{P*(1-P)}/√N
MOE = 0.09637497139
Interval is given by
P-MOE < P < P+MOE
0.58362502860 < P < 0.77637497139
B)
0.02 = 1.96*√{0.68*(1-0.68)}/√n
N = 2090
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