
Nathaniel Z. answered 06/12/24
Ph.D. Candidate in Economics with 4+ Years Teaching Experience
The standard assumption when constructing confidence intervals is that you can apply a normal distribtuion. Therefore your z-critical value is 2.576 (approximately).
The lower bound of your confidence interval is given by the formula: mean - z_critical * standard error
The upper bound of your confidence interval is given by the formula: mean + z_critical * standard error
What is different here is that you are working with proportions, which changes how we calculate the mean and standard error.
mean: 20/48 = 0.417 (approximately)
standard error: sqrt((20/48)(1-(20/48))/48) = 0.071 (approximately)
lower bound = 0.233 (approximately)
upper bound = 0.600 (approximately)
Therefore, 0.233 < p < 0.600