Level of Significance, α =
0.10
Number of Items of Interest, x =
4988
Sample Size, n = 10000
Sample Proportion , p̂ = x/n =
0.4988
z -value = Zα/2 = 1.645 [excel
formula =NORMSINV(α/2)]
Standard Error , SE = √[p̂(1-p̂)/n] =
0.005000
margin of error , E = Z*SE = 1.645
* 0.00500 = 0.0082
90% Confidence Interval is
Interval Lower Limit = p̂ - E = 0.49880
- 0.00822 = 0.4906
Interval Upper Limit = p̂ + E = 0.49880
+ 0.00822 = 0.5070
90% confidence interval is (
0.491 < p < 0.507
)
...................
Please let me know in case of any doubt.
Thanks in advance!
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