The article “Doctors Cite Burnout in Mistakes” reported that doctors completing residency have financial struggles that could interfere with training. In a sample of 200 residents, 70 reported working a second job. Assume this is a random sample of all residents.
a. Construct a 95% confidence interval for the proportion of all residents who work a second job (round to two decimal places).
b. State the margin of error (round to two decimal places). _____
a) We need to construct the 95% confidence interval for the population proportion.
Let, X: number of residents reported working a second job.
x = 70
n = 200 ( sample size)
( proportion of all residents who work a second job )
The critical value for α=0.05 is Zc = Z1−α/2= Z0.975 = 1.96. The corresponding confidence interval is computed as shown below:
b) The margin of error is given by
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