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5. A manufacturing company produces electric insulators. To test the strength of the insulators, you apply a force to an insu
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6)

Level of Significance,   α =    0.05          
Number of Items of Interest,   x =   50          
Sample Size,   n =    200          
                  
Sample Proportion ,    p̂ = x/n =    0.2500          
z -value =   Zα/2 =    1.960   [excel formula =NORMSINV(α/2)]      
                  
Standard Error ,    SE = √[p̂(1-p̂)/n] =    0.0306          
margin of error , E = Z*SE =    1.960   *   0.0306   =   0.0600
                  
95%   Confidence Interval is              
Interval Lower Limit = p̂ - E =    0.250   -   0.0600   =   0.1900
Interval Upper Limit = p̂ + E =   0.250   +   0.0600   =   0.3100
                  
95%   confidence interval is (   0.1900   < p <    0.3100   )

8)

Standard Deviation ,   σ =    100                  
sampling error ,    E =   20                  
Confidence Level ,   CL=   95%                  
                          
alpha =   1-CL =   5%                  
Z value =    Zα/2 =    1.960   [excel formula =normsinv(α/2)]              
                          
Sample Size,n = (Z * σ / E )² = (   1.960   *   100   /   20   ) ² =   96.036
                          
                          
So,Sample Size needed=       97                  

9)

sample proportion ,   p̂ =    0.4                          
sampling error ,    E =   0.02                          
Confidence Level ,   CL=   0.95                          
                                  
alpha =   1-CL =   0.05                          
Z value =    Zα/2 =    1.960   [excel formula =normsinv(α/2)]                      
                                  
Sample Size,n = (Z / E)² * p̂ * (1-p̂) = (   1.960   /   0.02   ) ² *   0.40   * ( 1 -   0.40   ) =    2304.88
                                  
                                  
so,Sample Size required=       2305                          

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