
David B. answered 03/22/21
Math and Statistics need not be scary
proportions, a nice concept and with exact and approximate methods of solution.
An exact answer based on the Laplace-Bayes unbiased estimator and beta distribution would be P= 376/562 or 0.6690 and the 99% CI would be [0.617, 0.719]
Using the Normal Approximation (what your problem probably expects) , rounded to 5 decimal places:
P(success) = .66964; Variance = p*q = .22122; n=560 α= .01 Zα/2 = 2.57583
CI for proportions = [p`- zα/2 *√(V/n) , p`+ zα/2 *√(V/n)]
that would be [ .66964 - 2.57583*√(.22122/560) < p < .66964 + 2.57583*√(.22122/550)]
or [.61845 , .72084] or .61845 < p < .72084
Mariana M.
thank you so much03/22/21