Respuesta :
Answer:
a) [tex]0.93 - 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.908[/tex]
[tex]0.93 + 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.952[/tex]
The 95% confidence interval would be given by (0.908;0.0.952)
b) [tex]0.21 - 2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.163[/tex]
[tex]0.21 + 2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.257[/tex]
The 99% confidence interval would be given by (0.163;0.0.257)
c) The margin of error for part a is:
[tex] ME= 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.0224[/tex]
And for part b is:
[tex] ME=2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.0470[/tex]
So then the margin of error is larger for part b.
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval". Â
The margin of error is the range of values below and above the sample statistic in a confidence interval. Â
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean". Â
The population proportion have the following distribution
[tex]p \sim N(p,\sqrt{\frac{p(1-p)}{n}})[/tex]
Part a
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 95% of confidence, our significance level would be given by [tex]\alpha=1-0.95=0.05[/tex] and [tex]\alpha/2 =0.025[/tex]. And the critical value would be given by:
[tex]z_{\alpha/2}=-1.96, z_{1-\alpha/2}=1.96[/tex]
The confidence interval for the mean is given by the following formula: Â
[tex]\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}[/tex]
If we replace the values obtained we got:
[tex]0.93 - 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.908[/tex]
[tex]0.93 + 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.952[/tex]
The 95% confidence interval would be given by (0.908;0.0.952)
Part b
In order to find the critical value we need to take in count that we are finding the interval for a proportion, so on this case we need to use the z distribution. Since our interval is at 99% of confidence, our significance level would be given by [tex]\alpha=1-0.99=0.01[/tex] and [tex]\alpha/2 =0.005[/tex]. And the critical value would be given by:
[tex]z_{\alpha/2}=-2.58, z_{1-\alpha/2}=2.58[/tex]
The confidence interval for the mean is given by the following formula: Â
[tex]\hat p \pm z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}[/tex]
If we replace the values obtained we got:
[tex]0.21 - 2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.163[/tex]
[tex]0.21 + 2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.257[/tex]
The 99% confidence interval would be given by (0.163;0.0.257)
Part c
The margin of error for part a is:
[tex] ME= 1.96\sqrt{\frac{0.93(1-0.93)}{500}}=0.0224[/tex]
And for part b is:
[tex] ME=2.58\sqrt{\frac{0.21(1-0.21)}{500}}=0.0470[/tex]
So then the margin of error is larger for part b.