Question

(1 point) Fireworks. Last summer, Survey USA published results of a survey stating that 307 of 530 randomly sampled Kansas residents planned to set off fireworks on July 4th. Round all results to 4 decimal places.

1. Calculate the point estimate for the proportion of Kansas residents that planned to set off fireworks on July 4th

2. Calculate the standard error for the point estimate you calculated in part 1.

3. Calculate the margin of error for a 99 % confidence interval for the proportion of Kansas residents that planned to set off fireworks on July 4th.  

4. What are the lower and upper limits for the 99 % confidence interval.

( ,  )

5. Use the information from Survey USA poll to determine the sample size needed to construct a 90% confidence interval with a margin of error of no more than 4.9%. For consistency, use the reported sample proportion for the planning value of p* (rounded to 4 decimal places) and round your Z-value to 3 decimal places. Your answer should be an integer.

Answer 1

1) = 307/530 = 0.5792

2) Standard error =

  

3) At 99% confidence level, the critical value is z_0.005 = 2.575

Margin of error = z_0.005 * SE

= 2.575 * 0.0214 = 0.0551

4) The 99% confidence interval is

+/- E

= 0.5792 +/- 0.0551

= 0.5241, 0.6343

Lower limit = 0.5241

Upper limit = 0.6343

5) At 90% confidence level, the critical value is z_0.05 = 1.645

Margin of error = 0.049