Scenario: You are curious the how many freshmen students from Crammer Nation University joined Greek Life this year. You conduct a random sample of 50 randomly selected freshmen and find that 18 of them joined a Greek Life chapter. What is the 95% confidence interval?
p-hat is the sample proportion we've observed. q-hat is the sample proportion of failure we've observed (a.k.a. the opposite of p-hat). Z* is our z-score critical value. n is our sample size.
Answer: We are 95% confident that the true population proportion of Crammer Nation University freshmen who joined Greek Life this year is between 0.2271 and 0.4929.
Trick Question: Can you be sure that the true proportion of Crammer Nation University freshmen students who joined Greek Life is between 0.2271 and 0.4929?
Since our 95% confidence interval resulted in the (0.2271, 0.4929), it's possible that the true population proportion lies between those values... however, it's not guaranteed.
Remember, we're just 95% confident it's in that range... not 100% confident!
You’re curious to learn more about how many students have actually studied for their first exam in a given course. You conduct a random sample of 35 peers and find that 22 of them studied for their first exam. What’s the 90% confidence interval?
We are % confident that the true population parameter is between and (0.XXX).
(When calculating test statistic, round to intermediary values to 3 decimal places. Round bounds to 3 decimal places.)