We build 97.25% confidence interval for population mean or population proportion. This confidence interval covers population mean or population proportion with the probability 97.25%.
If we build 97.25% confidence interval for population mean:
Lower limit = "M-z_{1.375}\\sigma_M"
Upper limit = "M+z_{1.375}\\sigma_M"
Margin of error "ME=z_{1.375}\\sigma_M"
"\\sigma_M=\\frac{\\sigma}{\\sqrt{N}}"
"M\\text{ --- sample mean}\\\\\n\\sigma\\text{ --- population standard deviation}\\\\\nN\\text{ --- sample size}\\\\\nz_{1.375}\\approx 0.0838\\text{ --- the corresponding critical value}"
Then we have:
"N=\\frac{z_{1.375}^2\\sigma^2}{ME^2}"
If we build 97.25% confidence interval for population proportion:
"N=\\frac{z_{1.375}^2p(1-p)}{ME^2}"
"p\\text{ --- estimated proportion of the population which}\\\\\n\\text{has the attribute in question}."
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