Suppose we would like to gauge voters’ preferences for the President of Mars’ election. In an exit poll with a random sample of 120 voters, 30 voted for Mark Zuckerberg and 90 voted for Elon Musk. For the following, report your answers in 3 decimal places.
However in some applications, we would like to know whether Elon Musk is getting at least a certain percentage of the total votes. In this case, we should use a 100(1 − α)% lower one-sided confidence interval taking the form of [L, 1]. To construct a 100(1 − α)% lower one-sided Wald confidence interval through the pivot method, we start by setting P X − p qp(1−p) n < zα = 1 − α,
where X is the sample proportion, n the sample size and zα is the upper 100α% quantile of N(0, 1). Using this relationship, construct a 98% lower one-sided Wald confidence interval for p.
Here, n=120,
98% one sided lower confidence interval is-
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