Final answer:
To construct the 99% confidence interval, calculate the sample proportion and find the z-score, then compute the Margin of Error. The answer for assuming n≤5% of the population is Yes, which allows the use of normal approximation in constructing the interval.
Step-by-step explanation:
To construct a 99% confidence interval for the true population proportion of people with children based on 152 out of 400 people sampled having children, we use the formula for a proportion confidence interval:
± z* ∙ √(p∙(1-p)/n) where p is the sample proportion, n is the sample size, and z* is the z-score corresponding to the 99% confidence level.
First, calculate the sample proportion (p):
p = 152/400 = 0.38
Next, find the z-score for a 99% confidence level, which is approximately 2.576.
Then plug the values into the formula:
Margin of Error = 2.576 ∙ √(0.38∙(1-0.38)/400)
Calculate the Margin of Error and construct the confidence interval:
CI = 0.38 ± (Margin of Error)
Regarding the assumption of n≤5% of the population, the answer is Yes, because typically this assumption allows us to use the normal approximation method for constructing confidence intervals, and with a sample size of 400, it is reasonable to believe that this constitutes less than 5% of all people with children.