Math Problem Statement
Out of 400 people sampled, 308 had kids. Assuming the conditions are met, construct a theoretical 99% confidence interval for the true population proportion of people with kids.
Give your answers as decimals, to four places.
( , )
Solution
To construct a 99% confidence interval for the true population proportion of people with kids, we follow these steps:
1. Identify the sample proportion ():
The sample proportion () is calculated as:
2. Determine the critical value for a 99% confidence interval:
For a 99% confidence interval, the critical value () corresponds to the Z-value where the area under the standard normal curve between - and is 99%. This value is approximately:
3. Compute the standard error (SE):
The standard error (SE) of the sample proportion is calculated using the formula:
4. Calculate the margin of error (ME):
The margin of error is given by:
5. Construct the confidence interval:
The confidence interval is: Thus, the confidence interval is:
Final Answer:
The 99% confidence interval for the true population proportion is:
Would you like further details or have any questions?
Here are five follow-up questions you could explore:
- How would the confidence interval change if the sample size increased?
- What is the interpretation of this confidence interval in context?
- How would a 95% confidence interval differ from a 99% one in this case?
- How does the sample proportion () affect the width of the interval?
- How does the standard error influence the margin of error?
Tip: A larger sample size reduces the margin of error, leading to a narrower confidence interval, all else being equal.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Proportions
Formulas
Sample proportion: p̂ = x/n
Standard error: SE = √(p̂(1 - p̂) / n)
Margin of error: ME = Zα/2 × SE
Confidence interval: p̂ ± ME
Theorems
Central Limit Theorem
Z-distribution
Suitable Grade Level
College Level (Statistics or AP Statistics)
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