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 pp, we can use the formula for the confidence interval of a proportion:

p^±Zα/2p^(1p^)n\hat{p} \pm Z_{\alpha/2} \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}}

where:

  • p^\hat{p} is the sample proportion.
  • Zα/2Z_{\alpha/2} is the critical value for the 99% confidence level (for 99%, Zα/22.576Z_{\alpha/2} \approx 2.576).
  • nn is the sample size.

Step 1: Calculate the sample proportion (p^\hat{p})

p^=33250=0.132\hat{p} = \frac{33}{250} = 0.132

Step 2: Find the critical value Zα/2Z_{\alpha/2}

For a 99% confidence level, the critical value is: Zα/2=2.576Z_{\alpha/2} = 2.576

Step 3: Compute the standard error

Standard Error=p^(1p^)n=0.132(10.132)250\text{Standard Error} = \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} = \sqrt{\frac{0.132(1 - 0.132)}{250}} Standard Error=0.132×0.868250=0.114576250=0.0004583=0.02142\text{Standard Error} = \sqrt{\frac{0.132 \times 0.868}{250}} = \sqrt{\frac{0.114576}{250}} = \sqrt{0.0004583} = 0.02142

Step 4: Calculate the margin of error

Margin of Error=Zα/2×Standard Error=2.576×0.02142=0.0552\text{Margin of Error} = Z_{\alpha/2} \times \text{Standard Error} = 2.576 \times 0.02142 = 0.0552

Step 5: Find the confidence interval

p^±Margin of Error=0.132±0.0552\hat{p} \pm \text{Margin of Error} = 0.132 \pm 0.0552

  • Lower bound: 0.1320.0552=0.07680.132 - 0.0552 = 0.0768
  • Upper bound: 0.132+0.0552=0.18720.132 + 0.0552 = 0.1872

Final Answer

  • Lower bound: 0.0770.077 (rounded to three decimal places)
  • Upper bound: 0.1870.187 (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:

  1. How does changing the confidence level affect the width of the interval?
  2. What is the interpretation of this 99% confidence interval?
  3. How would a larger sample size affect the confidence interval?
  4. What assumptions are made when constructing this confidence interval?
  5. How can we determine the required sample size for a desired margin of error?

Tip: The critical value Zα/2Z_{\alpha/2} depends on the desired confidence level. Make sure you use the correct value for your calculations!

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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