We need to construct the 99% confidence interval for the population proportion. We have been provided with the following information about the number of favorable cases:
Favorable Cases X | 250 |
Sample Size N | 1000 |
The sample proportion is computed as follows, based on the sample size N = 1000 and the number of favorable cases X = 250:
a) Point estimate
= 0.25
b) Shape of the distribution : Normal
The critical value for = 0.01 is = 2.576. The corresponding confidence interval is computed as shown below:
\
Margin of error =
Margin of error = 0.035
Therefore, based on the data provided, the 99% confidence interval for the population proportion is 0.215 < p < 0.285, which indicates that we are 99% confident that the true population proportion p is contained by the interval (0.215, 0.285).
4) In a survey conducted by the marketing agency 11mark, 250 of 1000 adults confessed to...
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