Chapter 7: Problem 2
For each of the following sets of sample outcomes, construct the \(99 \%\) confidence interval for estimating \(P_{u}\). a. \(\begin{aligned} P_{s} &=0.40 \\ N &=548 \end{aligned}\) b. \(\begin{aligned} P_{s} &=0.37 \\ N &=522 \end{aligned}\) c. \(\begin{aligned} P_{s} &=0.79 \\ N &=121 \end{aligned}\) d. \(\begin{aligned} P_{s} &=0.14 \\ N &=100 \end{aligned}\) e. \(\begin{aligned} P_{s} &=0.43 \\ N &=1049 \end{aligned}\) f. \(\begin{aligned} P_{s} &=0.63 \\ N &=300 \end{aligned}\)
Short Answer
Step by step solution
- Understand the formula for confidence interval
- Determine the Z-score for a 99% confidence level
- Apply the formula to each set of values
- Part a
- Part b
- Part c
- Part d
- Part e
- Part f
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
confidence interval
\[ \text{CI} = \text{P}_{s} \pm Z_{\alpha/2} \sqrt{ \text{P}_{s}(1-\text{P}_{s}) }/N \]
Here, \( Z_{\alpha/2} \) is the z-score corresponding to the desired confidence level, and \( N \) is the sample size. This formula estimates the range within which the true population proportion is expected to be, based on the observed sample.