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A simple random sample of size n=450 individuals who are currently employed is asked if they...

A simple random sample of size n=450 individuals who are currently employed is asked if they work at home at least once per week. Of the 450 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. The lower bound is ____.

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Answer #1

GIVEN:

Sample size (n) = 450

Number of employees who responded that they did work at home at least once per week ( х33 )

FORMULA USED:

The 99% confidence interval for population proportion is,

p_{hat}\pm z_{c}*[[p_{hat}(1-p_{hat})]/n]^{1/2}

where Phat is the sample proportion and n is the sample size.

CALCULATION:

The sample proportion (Phat) is,

p_{hat}=x/n

  33/450

  -0,073

The z critical value at 99% confidence level is 2.58.

The 99% confidence interval for population proportion of employed individuals who work at home at least once per week is given by,

p_{hat}\pm z_{c}*[[p_{hat}(1-p_{hat})]/n]^{1/2}

   =0.073 \pm 2.58*[[0.073(1-0.073)]/450]^{1/2}

=[0.073- (2.58*0.01226), 0.073+ (2.58*0.01226)]

0.0414,0.1046

The 99% confidence interval for population proportion of employed individuals who work at home at least once per week is 0.0414,0.1046.

The lower bound is 0.0414 and the upper bound is 0.1046.

Thus there is a 99% chance that the confidence interval 0.0414,0.1046 contains the true population proportion of employed individuals who work at home at least once per week.

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