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Serga
1 month ago
14

A 95% confidence interval for the population proportion of professional tennis players who earn more than 2 million dollars a ye

ar is found to be between .82 and .88. Given this information, the sample size that was used was approximately: a. 382 b. 233 c. 387 d. 480 e. 545
Mathematics
1 answer:
Svet_ta [12.7K]1 month ago
4 0

Response:

e. 545

Detailed explanation:

In a survey sample containing n individuals, with a success probability of \pi, and a confidence level of 1-\alpha, the ensuing confidence interval for proportions is established.

\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}

Wherein

z denotes the z-score corresponding to a probability value of 1 - \frac{\alpha}{2}.

For this scenario, we find:

The estimate averages the two bounds. Thus \pi = \frac{0.82+0.88}{2} = 0.85

95% confidence level

Consequently, z represents the z value corresponding to the p-value of 1 - \frac{0.05}{2} = 0.975, hence Z = 1.96.

The lower boundary of this interval is:

L = \pi - z\sqrt{\frac{\pi(1-\pi)}{n}}

In this query, L = 0.82. Therefore

0.82 = 0.85 - 1.96\sqrt{\frac{0.85*0.15}{n}}

1.96\sqrt{\frac{0.85*0.15}{n}} = 0.03

0.03\sqrt{n} = 1.96\sqrt{0.85*0.15}

\sqrt{n} = \frac{1.96\sqrt{0.85*0.15}}{0.03}

(\sqrt{n})^{2} = (\frac{1.96\sqrt{0.85*0.15}}{0.03})^{2}

n = 544.23

Thus, the accurate response is:

e. 545

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