Answer to Question #336178 in Statistics and Probability for Anna

Question #336178

X=842, n=1200, interval estimate 95%

1
Expert's answer
2022-05-02T15:54:06-0400

The sample proportion is computed as follows, based on the sample size "N = 1200" and the number of favorable cases "X = 842:"

"\\hat{p}=\\dfrac{X}{N}=\\dfrac{842}{1200}\\approx0.701667"

The critical value for "\\alpha = 0.05" is "z_c = z_{1-\\alpha\/2} = 1.96."

The corresponding confidence interval is computed as shown below:


"CI(Proportion)=(\\hat{p}-z_c\\sqrt{\\dfrac{\\hat{p}(1-\\hat{p})}{n}},"

"\\hat{p}+z_c\\sqrt{\\dfrac{\\hat{p}(1-\\hat{p})}{n}})"

"=(0.701667-1.96\\sqrt{\\dfrac{0.701667(1-0.701667)}{1200}},"

"0.701667+1.96\\sqrt{\\dfrac{0.701667(1-0.701667)}{1200}})"

"=(0.615,0.788)"

Therefore, based on the data provided, the 95% confidence interval for the population proportion is "0.615 < p < 0.788," which indicates that we are 95% confident that the true population proportion "p" is contained by the interval "(0.615, 0.788)."



Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS