How do I find the Confidence Levels and Margin of Error in Excel for the below?
Sample size=200
Poor room quality: P = 42/200 = 0.21
Poor food quality: P = 47/200 = 0.235
Poor service quality: P= 54/200 = 0.27
92% confidence interval for proportion of all clients who answerd "Poor" to room quality
here p=0.21 , n=200
for standard error of proportion =√(p(1-p)/n)
since 92$ middle values are between 4th and 96th percentile :
from excel :
margin of error =z*standard deviation =normsinv(0.96)*sqrt(0.21*(1-0.21)/200) =0.0504
lower confidence bound =estimated proportion -margin of error =0.21-0.0504 =0.1596
upper confidence bound =estimated proportion+margin of error =0.21+0.0504 =0.2604
therefore 92% confidence interval for proportion of all clients who answerd "Poor" to room quality
=(0.1596 to 0.2604)
(please reply if further clarification is required)
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