Consider two independent random samples with the following results: n1=573 x1=177 n2=604 x2=342 Use this data to find the 95% confidence interval for the true difference between the population proportions. Step 1 of 3 : Find the point estimate that should be used in constructing the confidence interval. Round your answer to three decimal places. Step 2 of 3: Find the margin of error. Round your answer to six decimal places. Step 3 of 3: Construct the 80% confidence interval. Round your answers to three decimal places.
Solution
Step-1:
p1^=x1/n1=177/573=0.3089005
p2^=x2/n2=342/604=0.5662252
point estimate=p1^-p2^=0.3089005-0.5662252=-0.2573247=-0.257
-0.257
Solution-step-2:
z crit for 80%=1.281552
margin of error=zcrit*sqrt(p1^*(1-p1^)/n1+p26*(1-p2^)/n2)
=1.281552*sqrt(0.3089005*(1-0.3089005)/573+0.5662252*(1-0.5662252)/604)
=.035774
margin of error=.035774
Step 3 of 3: Construct the 80% confidence interval. Round your answers to three decimal places.
point estimate-margin of error,point estimate+margin of error
=-0.257-0.035774,-0.257+0.035774
= -0.292774,-0.221226
=-0.293,-0.221
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