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.

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Solution

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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)