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  3. a random sample of size n=500 yielded p? =0.08 a)

A random sample of size n=500 yielded p? =0.08 a) Construct a 95% confidence interval for...

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Question

Basic Math

A random sample of size n=500 yielded p? =0.08
a) Construct a 95% confidence interval for p.
b) Interpret the 95% confidence interval.
c) Explain what is meant by the phrase "95% confidenceinterval."

Answer & Explanation Solved by verified expert
4.4 Ratings (1136 Votes)
TRADITIONAL METHOD given that possibile chances x40 sample sizen500 success rate p xn 008 I sample proportion 008 standard error Sqrt 008092 500 00121 II margin of error Z a2 stanadard error where Za2 Ztable value level of significance 005 from standard    See Answer
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