Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 9 - Section 9.1 - Assess Your Understanding - Applying the Concepts - Page 437: 27c

Answer

Lower Bound: 0.488; Upper Bound: 0.550

Work Step by Step

$x$ = 521, n = 1003, $\hat{p}$ = 0.519, 95% confidence i) Find $\frac{\alpha}{2}$ $\alpha = 1 - 0.95$ = 0.05 $\frac{0.05}{2}$ = 0.025 ii) The z-score that corresponds to 0.025 is 1.96 iii) Find margin of error: E = $z \cdot \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} = 1.96\cdot \sqrt{\frac{0.519(0.481)}{1003}}$ $\approx$ 0.03092 iv) Find lower bound of CI: $\hat{p}$ - E = 0.519 - 0.03092 = 0.48808 $\approx$ 0.488 v) Find upper bound of CI: $\hat{p}$ + E = 0.519 + 0.03092 = 0.54992 $\approx$ 0.550
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