Math Problem Statement

Suppose I sample 100 individuals and find that 𝑝̂ =.2 of them like tapioca pudding but (1βˆ’π‘Μ‚ )=0.8 do not like tapioca pudding. What is the standard error of the estimate of the proportion of individuals who like tapioca pudding, 𝑝̂ ?

Solution

The standard error of the estimate of a proportion p^\hat{p} is given by the formula:

SE(p^)=p^(1βˆ’p^)nSE(\hat{p}) = \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}}

where:

  • p^\hat{p} is the sample proportion (in this case, 0.2),
  • 1βˆ’p^1 - \hat{p} is the proportion of individuals who do not like tapioca pudding (0.8),
  • nn is the sample size (100).

Substituting the values into the formula:

SE(p^)=0.2Γ—0.8100=0.16100=0.0016=0.04SE(\hat{p}) = \sqrt{\frac{0.2 \times 0.8}{100}} = \sqrt{\frac{0.16}{100}} = \sqrt{0.0016} = 0.04

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:

  1. How does the sample size affect the standard error of the proportion?
  2. What would the standard error be if p^\hat{p} was 0.5?
  3. How can we use this standard error to calculate a confidence interval for the proportion?
  4. What is the relationship between standard error and margin of error?
  5. 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.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Statistics
Proportion Estimation
Standard Error

Formulas

SE(𝑝̂) = √((𝑝̂(1βˆ’π‘Μ‚))/n)

Theorems

Central Limit Theorem

Suitable Grade Level

Grades 10-12