According to the U.S. Census Bureau, 43% of men who worked at home were college graduates. In a sample of 525 women who worked at home, 140 were college graduates. What is the upper bound for the 99% confidence interval for the proportion of women who work at home who are college graduates? Round to three decimal places (for example: 0.419). Write only a number as your answer.
Solution :
Given that,
n = 525
= 43% = 0.43
1 - = 1 - 0.43 = 0.57
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
= 0.01
Z = Z0.01 = 2.326
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.326 * (((0.43 * 0.57) / 525) = 0.050
A 99 % confidence interval for population proportion p is ,
+ E
0.43 + 0.050
0.48
upper bound = 0.48
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