Business Studies, asked by singhkundan15762, 21 days ago

A random sample of 400 rails passengers is taken and 55% are in favor of proposed new timetable. Construct a 95% confidence interval that what proportion of all rail passengers is in favor of the proposed timetables.

Answers

Answered by amitnrw
0

Given : A random sample of 400 rails passengers is taken and 55% are in favor of proposed new timetable.  

95% confidence interval  

To Find :  proportion of all rail passengers is in favor of the proposed timetables.​

Solution:

n = 400

p = 55% = 0.55

q=  1 - p = 1 - 0.55 = 0.45

Mean = np   = 400 * 0.55  = 220

Variance = npq  = 220 * 0.45 = 99

SD = √Variance  = √99 = 9.95

z for 95 %  confidence interval = 1.96

Margin of Error =  z  *  SD for sample / n     or   z  * √(pq/n)

=>  Margin of Error = 1.96  * 9.95 / 400   or 1.96 * √(0.55 *0.45/400)

=>  Margin of Error =  0.04875

=>  Margin of Error = 4.875  %

Hence 55  ±  (3  * 4.875)  %  

rail passengers is in favor of the proposed timetables.​

40.375  to 69.625 %

Learn More:

Assume that adults have iq scores that are normally distributed with ...

brainly.in/question/11133397

The mean length of mature whiting is 35 cm and the standard ...

brainly.in/question/13450142

The value of the cumulative standardized normal distribution at z is ...

brainly.in/question/11376268

Similar questions