We wish to estimate what percent of adult residents in a certain county are parents. Out of 500 adult residents sampled, 235 had kids. Based on this, construct a 99% confidence interval for the proportion p of adult residents who are parents in this county. Express your answer in tri-inequality form. Give your answers as decimals, to three places. < p < Express the same answer using the point estimate and margin of error. Give your answers as decimals, to three places. p = ±
Solution :
Given that,
Point estimate = sample proportion = = x / n = 235 / 500 = 0.47
Z/2 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 * (((0.47 * 0.53) / 500)
= 0.057
A 99% confidence interval for population proportion p is ,
- E < p < + E
0.47 - 0.057 < p < 0.47 + 0.057
0.413 < p < 0.527
0.47 0.057
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