Answer:
Explanation:
Confidence interval is written as
Sample proportion ± margin of error
Margin of error = z × √pq/n
Where
z represents the z score corresponding to the confidence level
p = sample proportion. It also means probability of success
q = probability of failure
q = 1 - p
p = x/n
Where
n represents the number of samples
x represents the number of success
From the information given,
n = 1390
x = 514
p = 514/1390 = 0.37
q = 1 - 0.37 = 0.63
To determine the z score, we subtract the confidence level from 100% to get α
α = 1 - 0.98 = 0.02
α/2 = 0.02/2 = 0.01
This is the area in each tail. Since we want the area in the middle, it becomes
1 - 0.01 = 0.99
The z score corresponding to the area on the z table is 2.33. Thus, confidence level of 98% is 2.33
Therefore, the 98% confidence interval is
0.37 ± 2.33√(0.37)(0.63)/1390
Confidence interval = 0.37 ± 0.0302