To construct a 95% confidence interval for the population proportion \( p \), we will use the sample proportion and the standard error of the sample proportion. We know the following from the given information:
- Sample proportion \( \hat{p} = 0.5077 \) (as provided in the display).
- Sample size \( n = 65 \).
Now, to calculate the 95% confidence interval, we will take the following steps:
-
Calculate the standard error (SE) of the sample proportion:
\[
SE = \sqrt{\frac{\hat{p}(1 - \hat{p})}{n}} = \sqrt{\frac{0.5076923077 \times (1 - 0.5076923077)}{65}}.
\]
-
Calculate the critical value (z) for 95% confidence*:
The critical z-value for a 95% confidence level is approximately 1.96.
-
Use the formula for the confidence interval:
\[
CI = \hat{p} \pm z^* \cdot SE.
\]
Now, let's go through the calculations:
-
Calculate SE:
\[
SE = \sqrt{\frac{0.5077 \times (1 - 0.5077)}{65}} \approx \sqrt{\frac{0.5077 \times 0.4923}{65}} \approx \sqrt{\frac{0.249173911}{65}} \approx \sqrt{0.003833} \approx 0.0619.
\]
-
Calculate the confidence interval:
\[
CI = 0.5077 \pm 1.96 \cdot 0.0619.
\]
Calculate the margin of error:
\[
Margin of Error = 1.96 \times 0.0619 \approx 0.1211.
\]
Now calculate the lower and upper bounds of the interval:
\[
Lower Bound = 0.5077 - 0.1211 \approx 0.3866,
\]
\[
Upper Bound = 0.5077 + 0.1211 \approx 0.6288.
\]
-
Round to three decimal places:
- Lower Bound: 0.387
- Upper Bound: 0.629
Thus, the 95% confidence interval for \( p \) is:
(0.387, 0.629).