Respuesta :
Answer:
Part 1
a)[tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{100}}=0.0956[/tex] Â
b) [tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{363}}=0.0502[/tex]
c) [tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{1551}}=0.0243[/tex]
Part 2
We can see that if we increase the sample size the margin of error decrease and that makes sense since n is on the denominator in the formula for the margin of error and if we increase the denominator the result needs to decrease.
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 1
For this case in order to find the margin of error we need to assume a confidence level fixed, let's assume 95% for example. The Margin of error is given by this formula:
[tex]ME= z_{\alpha/2}\sqrt{\frac{p(1-p)}{n}}[/tex]
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 margin of error for the proportion interval is given by this formula: Â
[tex] ME=z_{\alpha/2}\sqrt{\frac{\hat p (1-\hat p)}{n}}[/tex] Â Â (a) Â
And on this case we have that [tex]\hat p = 0.61[/tex] and we are interested in order to find the value of ME.
So we can replace for each case and see what we got:
a)[tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{100}}=0.0956[/tex] Â
b) [tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{363}}=0.0502[/tex]
c) [tex] ME=1.96 \sqrt{\frac{0.61 (1-0.61)}{1551}}=0.0243[/tex]
Part 2
We can see that if we increase the sample size the margin of error decrease and that makes sense since n is on the denominator in the formula for the margin of error and if we increase the denominator the result needs to decrease.