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Refer to Exercise 52.

a. Construct and interpret a 95%confidence interval for the true proportion p of all first year students at the university who would identify being very well-off as an important personal goal. Assume that the conditions for inference are met.

b. Explain why the interval in part (a) provides more information than the test in Exercise 52.

Short Answer

Expert verified

Part a. 0.5943<p<0.7257

Part b. The confidence interval is not having 73%(or 0.73) which is the national value. Therefore there is sufficient proof to help the claim that the proportion is different (less) than the national value of73%.

Step by step solution

01

Part a. Step 1. Given information

n=200p=73%=0.73x=132

02

Part a. Step 2. Explanation

The sample proportion is

p^=xn=132200=0.66

For confidence level 11-=0.95, determine z/2=z0.025using table II (look up0.025in the table, the z-score is then they found z-score with opposite sign):

z/2=1.96

The margin of error is

E=z/2p^(1-p^)n=1.960.66(1-0.66)200=0.0657

The confidence interval then becomes:

p^-E<p<p^+E=0.66-0.0657<p<0.66+0.657=0.5943<p<0.7257

There is 95%confident that the true proportion of all first- year students at the university who would identify being very well-off as an important personal goal is between0.5943and0.7357.

03

Part b. Step 1. Given information

Result from exercise pat (a):

0.5943<p<0.7257

04

Part b. Step 1. Explanation

The confidence interval is not having 73%(or 0.73) which is the national value. Therefore there is sufficient proof to help the claim that the proportion is different (less) than the national value of73%.

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