In a graduate teacher college, a survey was conducted to determine the proportion of students who want to major in mathematics. If 368 out of 850 students said yes, with 95% confidence, what interpretation can we make regarding the probability that all students in the teacher graduate college want to major in mathematics?
Here,
X = 368
n = 850
"p'=\\dfrac{X}{n}=\\dfrac{368}{850}=0.433"
95% confidence interval
"So \\ \\alpha=1-0.95-0.05"
"\\implies Z_{\\alpha\/2}=1.96"
Now, "q'=1-p'=1-0.43=0.57"
and "\\sqrt{\\dfrac{p'q'}{n}}=\\sqrt{\\dfrac{0.43\\times 0.57}{850}}=0.0169"
for the lower limit:
"p'-Z_{\\alpha\/2}\\sqrt{\\dfrac{p'q'}{n}}=0.433-(1.96)(0.0169)=0.396\\ or\\ 39.6\\%"
for the upper limit:
"p'+Z_{\\alpha\/2}\\sqrt{\\dfrac{p'q'}{n}}=0.433+(1.96)(0.0169)=0.464\\ or\\ 46.4\\%"
Thus, with 95% confidence, we can state that the interval from 39.6% to 46.4% contains the true percentage of all graduate students who want to major in Mathematics.
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