3. You frequent a popular fast food restaurant that serves tacos...and they frequently
get your order wrong. You decide to do a bit of research, so you miraculously get
ahold of n= 700 orders and realize that 242 of them were wrong. Give a 95%
confidence interval for the population proportion of incorrect orders, p.
4. If you wanted to ensure that your confidence interval had a width of at most 0.05, what is the minimum number of samples needed? Do this first assuming you have
no prior estimate for p and then under the assumption that your estimate for p from problem 3 is a reasonable one. Report both values of n.
Ans:
3)
sample proportion=242/700=0.3457
95% confidence interval for the population proportion
=0.3457+/-1.96*sqrt(0.3457*(1-0.3457)/700))
=0.3457+/-0.0352
=(0.3105, 0.3809)
4)
when no prior estimate,then consider p=0.5
Margin of error=CI width/2=0.05/2=0.025
Minimum number of samples needed=1.96^2*0.5*(1-0.5)/0.025^2=1537
when p=0.3457
Minimum number of samples needed=1.96^2*0.3457*(1-0.3457)/0.025^2=1390
3. You frequent a popular fast food restaurant that serves tacos...and they frequently get your order...
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