The following is a 90% confidence interval for p:(0.26, 0.54). How large was the sample used to construct this interval?
Solution :
given that
Lower confidence interval = 0.26
Upper confidence interval = 0.54
Point estimate = = (Lower confidence interval + Upper confidence interval ) / 2
= = (0.26+0.54) / 2
Point estimate = =0.4
Margin of error = E = Upper confidence interval -
=0.54 - 0.4
Margin of error = E = 0.14
Solution :
Given that,
= 0.4
1 - = 1 - 0.4 = 0.6
margin of error = E = 0.14
At 90% confidence level z
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
Sample size = n = (Z/2 / E)2 * * (1 - )
= (1.645 / 0.14)2 * 0.4 * 0.6
=33
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