Math Problem Statement
A simple random sample of size n equals 250 individuals who are currently employed is asked if they work at home at least once per week. Of the 250 employed individuals surveyed, 33 responded that they did work at home at least once per week. Construct a 99% confidence interval for the population proportion of employed individuals who work at home at least once per week. Question content area bottom Part 1 The lower bound is
. 077. (Round to three decimal places as needed.) Part 2 The upper bound is
enter your response here. (Round to three decimal places as needed.)
Solution
To construct a 99% confidence interval for the population proportion , we can use the formula for the confidence interval of a proportion:
where:
- is the sample proportion.
- is the critical value for the 99% confidence level (for 99%, ).
- is the sample size.
Step 1: Calculate the sample proportion ()
Step 2: Find the critical value
For a 99% confidence level, the critical value is:
Step 3: Compute the standard error
Step 4: Calculate the margin of error
Step 5: Find the confidence interval
- Lower bound:
- Upper bound:
Final Answer
- Lower bound: (rounded to three decimal places)
- Upper bound: (rounded to three decimal places)
Let me know if you have further questions or need more details!
Here are 5 follow-up questions to deepen understanding:
- How does changing the confidence level affect the width of the interval?
- What is the interpretation of this 99% confidence interval?
- How would a larger sample size affect the confidence interval?
- What assumptions are made when constructing this confidence interval?
- How can we determine the required sample size for a desired margin of error?
Tip: The critical value depends on the desired confidence level. Make sure you use the correct value for your calculations!
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Population Proportion
Formulas
Confidence Interval for Proportion: \( \hat{p} \pm Z_{\alpha/2} \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} \)
Sample Proportion: \( \hat{p} = \frac{x}{n} \)
Standard Error: \( \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} \)
Theorems
Central Limit Theorem
Suitable Grade Level
Undergraduate
Related Recommendation
99% Confidence Interval for Population Proportion of Remote Workers
Proportion Estimation with Margin of Error and Confidence Level
95% Confidence Interval for Proportion of Letters Delivered Next Day
Calculating Confidence Intervals for Population Proportion of College Students
Constructing a 99% Confidence Interval for Population Proportion