Answer
1) Confidence Interval = (31.4% ± 1%)
Confidence Interval = (30.4%, 32.4%) = (0.304, 0.324)
Level of confidence = 95%
2) Confidence Interval = (27% ± 3%)
Confidence Interval = (24%, 30%) = (0.24, 0.30)
Level of confidence = 97%
Note that the z-table chart was used to match the critical value to level of confidence.
Step-by-step explanation
Confidence Interval for the population proportion is basically an interval of range of values where the true population proportion can be found with a certain level of confidence.
Mathematically,
Confidence Interval = (Sample proportion) ± (Margin of error)
So, we first calculate the confidence interval for each of these questions
1) Sample proportion = 31.4% = 0.314
Margin of error = 1% = 0.01
Confidence Interval = (Sample proportion) ± (Margin of error)
Confidence Interval = 31.4% ± 1%
Confidence Interval = (30.4%, 32.4%) = (0.304, 0.324)
2) Sample proportion = 27% = 0.27
Margin of error = 3% = 0.03
Confidence Interval = (Sample proportion) ± (Margin of error)
Confidence Interval = 27% ± 3%
Confidence Interval = (24%, 30%) = (0.24, 0.30)
Part B
To find the level of confidence for each of them, we need to first define the Margin of error and subsequently, the critical value, which will directly give the level of confidence from the table.
Margin of Error is the width of the confidence interval about the mean.
It is given mathematically as,
Margin of Error = (Critical value) × (standard Error)
Standard error of the mean = σₓ = √(pq/n)
Question 1
p = sample proportion = 0.314
q = 1 - p = 1 - 0.314 = 0.686
n = sample size = 8451
σₓ = √(0.314×0.686/8451) = 0.00505
Margin of Error = (Critical value) × (standard Error)
0.01 = (Critical value) × 0.00505
Critical value = (0.01/0.0505) = 1.98
From the tables,
when critical value = 1.98,
Confidence level = 95.15% = 95% to the nearest whole number.
Question 2
p = sample proportion = 0.27
q = 1 - p = 1 - 0.27 = 0.73
n = sample size = 1001
σₓ = √(0.27×0.73/1001) = 0.01403
Margin of Error = (Critical value) × (standard Error)
0.03 = (Critical value) × 0.01403
Critical value = (0.03/0.01403) = 2.143
From the tables,
when critical value = 2.143,
Confidence level = 96.95% = 97% to the nearest whole number.
Hope this Helps!!!