Out of 400 people sampled, 316 preferred Candidate A. Based on this, estimate what proportion of the entire voting population (p) prefers Candidate A. Use a 95% confidence level, and give your answers as decimals, to three places
Solution :
n = 400
x = 316
= x / n = 316 / 400 = 0.790
1 - = 1 - 0.790 = 0.210
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.960* (((0.790 * 0.210) / 4900)
= 0.040
A 95 % confidence interval for population proportion p is ,
- E < P < + E
0.790 - 0.040 < p < 0.790 + 0.040
0.750 < p <
0.830
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