Math Problem Statement
Suppose I sample 100 individuals and find that πΜ =.2 of them like tapioca pudding but (1βπΜ )=0.8 do not like tapioca pudding. What is the standard error of the estimate of the proportion of individuals who like tapioca pudding, πΜ ?
Solution
The standard error of the estimate of a proportion is given by the formula:
where:
- is the sample proportion (in this case, 0.2),
- is the proportion of individuals who do not like tapioca pudding (0.8),
- is the sample size (100).
Substituting the values into the formula:
Thus, the standard error of the estimate of the proportion of individuals who like tapioca pudding is 0.04.
Would you like more details or have any questions?
Here are 5 related questions:
- How does the sample size affect the standard error of the proportion?
- What would the standard error be if was 0.5?
- How can we use this standard error to calculate a confidence interval for the proportion?
- What is the relationship between standard error and margin of error?
- How would the standard error change if we increased the sample size to 200?
Tip: Increasing the sample size decreases the standard error, improving the precision of your estimate.
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Math Problem Analysis
Mathematical Concepts
Statistics
Proportion Estimation
Standard Error
Formulas
SE(πΜ) = β((πΜ(1βπΜ))/n)
Theorems
Central Limit Theorem
Suitable Grade Level
Grades 10-12
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