Answer:
The confidence limits for the proportion that plan to vote for the Democratic incumbent are 0.725 and 0.775.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.
[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
In which
z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].
Of the 500 surveyed, 350 said they were going to vote for the Democratic incumbent.
This means that [tex]n = 500, \pi = \frac{350}{500} = 0.75[/tex]
80% confidence level
So [tex]\alpha = 0.2[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.2}{2} = 0.9[/tex], so [tex]Z = 1.28[/tex].
The lower limit of this interval is:
[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.75 - 1.28\sqrt{\frac{0.75*0.25}{500}} = 0.725[/tex]
The upper limit of this interval is:
[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.75 + 1.28\sqrt{\frac{0.75*0.25}{500}} = 0.775[/tex]
The confidence limits for the proportion that plan to vote for the Democratic incumbent are 0.725 and 0.775.