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 = 500
p = 0.58
q = 1 - 0.58 = 0.42
To determine the z score, we subtract the confidence level from 100% to get α
α = 1 - 0.95 = 0.05
α/2 = 0.05/2 = 0.025
This is the area in each tail. Since we want the area in the middle, it becomes
1 - 0.025 = 0.975
The z score corresponding to the area on the z table is 1.96. Thus, the z score for a confidence level of 95% is 1.96
Therefore, the margin of error of the population proportion estimation for a 95% confidence interval is
1.96√(0.58)(0.42)/500 = 0.043