The population proportion is 0.50. What is the probability that a sample proportion will be within +/- .01 of the population proportion for each of the following sample sizes? Round your answers to 4 decimal places. Use z-table.
a. n=100
b. n=200
c.n=500
d.n=1000
SOLUTION:
Given data,
= 0.50
(a) n = 100
P(-0.01 < - < 0.01)
= P [ (-0.01 / sqrt(0.50(1-0.50) / 100) < (- / sqrt((1-) / n) < (0.01 / sqrt(0.50(1-0.50) / 100)) ]
= P [-0.2 < Z < 0.2 ]
= P(Z < 0.2) - P(Z < -0.2)
= 0.57926-0.42074
= 0.1585
(b) n = 200
P(-0.01 < - < 0.01)
= P [ (-0.01 / sqrt(0.50(1-0.50) / 200) < (- / sqrt((1-) / n) < (0.01 / sqrt(0.50(1-0.50) / 200)) ]
= P [-0.28 < Z < 0.28 ]
= P(Z < 0.28) - P(Z < -0.28)
= 0.61026-0.38974
= 0.2205
(c) n = 500
P(-0.01 < - < 0.01)
= P [ (-0.01 / sqrt(0.50(1-0.50) / 500) < (- / sqrt((1-) / n) < (0.01 / sqrt(0.50(1-0.50) / 500)) ]
= P [-0.45 < Z < 0.45 ]
= P(Z < 0.45) - P(Z < -0.45)
= 0.67364-0.32636
= 0.3473
(d) n = 1000
P(-0.01 < - < 0.01)
= P [ (-0.01 / sqrt(0.50(1-0.50) / 1000) < (- / sqrt((1-) / n) < (0.01 / sqrt(0.50(1-0.50) / 1000)) ]
= P [-0.63 < Z < 0.63]
= P(Z < 0.63) - P(Z < -0.63)
= 0.73565-0.26435
= 0.4713
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