A survey of 492 citizens found that 360 of them favor a new bill introduced by the city. We want to find a 95% confidence interval for the true proportion of the population who favor the bill. What is the lower limit of the interval? (Round to 3 decimal digits)
Given that,
n = 492
x = 360
= x / n = 360 /492 = 0.732
1 - = 1 - 0.732 = 0.268
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
=0.05
Z = Z0.05 = 1.645
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.645 * (((0.732 * 0.268) / 492) = 0.033
A 95 % confidence interval for population proportion p is ,
- E
0.732 - 0.033
0.699
The 95% confidence interval for the population proportion p is : lower bound = 0.699
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