Math Problem Statement
A political interest group wants to determine what fraction p ∈ (0, 1) of the population intends to vote for candidate A in the next election. 1,000 randomly chosen individuals are polled. 457 of these indicate that they intend to vote for candidate A. Find the 95% confidence interval for the true fraction p Using probability theory, specifically law of large numbers. (essentially, to solve in that way you need to find epsilon)
Solution
To find the 95% confidence interval for the true fraction of the population intending to vote for candidate A, we can use the formula for the confidence interval for a proportion. Here’s a step-by-step explanation:
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Sample Proportion: where is the number of individuals intending to vote for candidate A, and is the total number of individuals polled.
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Standard Error (SE): The standard error for the sample proportion is given by:
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Z-Score for 95% Confidence: For a 95% confidence level, the critical z-value is approximately 1.96 (from standard normal distribution tables).
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Margin of Error (ME): The margin of error can be calculated as:
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Confidence Interval: Now, we can construct the confidence interval: Thus, the confidence interval is:
So, the 95% confidence interval for the true fraction of the population intending to vote for candidate A is approximately .
Summary
The 95% confidence interval for is .
Would you like more details on any specific step, or do you have any questions? Here are some related questions for further exploration:
- How would the confidence interval change if the sample size were larger?
- What assumptions are made when using this confidence interval method?
- How does the choice of confidence level affect the width of the interval?
- Can you explain the law of large numbers in more detail?
- What are the implications of the results if the true proportion is outside this interval?
Tip: Always consider the sample size and variability when interpreting confidence intervals, as larger samples generally provide more reliable estimates.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Proportions
Formulas
Sample proportion \( \hat{p} = \frac{x}{n} \)
Standard Error (SE) \( SE = \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} \)
Margin of Error (ME) \( ME = z \times SE \)
Theorems
Law of Large Numbers
Suitable Grade Level
Grades 11-12
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