Hi Kaitlyn,
Finally an actual confidence interval for proportion.
Formula is CI=p +/- z*sqrt(p(1-p)/n))
You will sometimes see p denoted p-hat just because it is an estimate.
Now, let's make sure we have a large enough sample to assume normality:
np>=10
n(1-p)>=10
n=200
p=0.8
np=160
1-p=0.2
n(1-p)=40
We're good to go. Setting up values for our confidence interval:
p=0.80
z*=1.96, z-score for 95% confidence
n=200
CI= 0.8 +/- 1.96*sqrt[((0.8*0.2)/200)]
CI=0.8 +/- 0.055
CI=(0.745, 0.855)
In a test situation, I hope you get a formulas sheet. These can be tough to remember.
Joshua L.
10/23/23
Kaitlyn K.
Unfortunately, my professor does not allow formula sheets. I thank you for your weekly help. I am in an online statistics class and my professor only posts a one-ten-minute video example on the concept and it is not enough to try to teach myself the concepts. I am trying my best but your support has been tremendously helpful!10/23/23