In a survey of 1005 ​adults, a polling agency​ asked, "When you​ retire, do you think you will have enough money to live comfortably or not. Of the 1005 ​surveyed, 531 stated that they were worried about having enough money to live comfortably in retirement. Construct a 90​% confidence interval for the proportion of adults who are worried about having enough money to live comfortably in retirement

Respuesta :

Answer: (0.504, 0.556)

Step-by-step explanation:

Given : Sample size : n= 1005

Number of adults stated that they were worried about having enough money to live comfortably in retirement = 531

Then the proportion of adults stated that they were worried about having enough money to live comfortably in retirement : [tex]p=\dfrac{531}{1005}\approx0.53[/tex]

Significance level : [tex]\alpha: 1-0.90=0.1[/tex]

Critical value : [tex]z_{\alpha/2}=1.645[/tex]

The confidence interval for population proportion is given by :-

[tex]p\pm\ z_{\alpha/2}\sqrt{\dfrac{p(1-p)}{n}}\\\\=0.53\pm(1.645)\sqrt{\dfrac{0.53(1-0.53)}{1005}}\\\\\approx0.53\pm0.026\\\\=(0.504,\ 0.556)[/tex]

Hence, the 90​% confidence interval for the proportion of adults who are worried about having enough money to live comfortably in retirement = (0.504, 0.556)