The margin of error is 0.137 and the confidence interval for the population proportion is (0.443, 0.717).
It is defined as an error that provides an estimate of the percentage of errors in real statistical data.
The formula for finding the MOE:
[tex]\rm MOE = Z\times \dfrac{s}{\sqrt{n}}[/tex]
Where Z is the z-score at the confidence interval
s is the standard deviation
n is the number of samples.
We have:
n = 50, X = 29,
Estimate point p = 29/50 = 0.58
q = 1-p = 1-0.58 = 0.42
Z at 0.05/2 (95% confidence interval) = 1.96
[tex]\rm MOE = 1.96\sqrt{\dfrac{0.58\times0.42}{50}}[/tex]
After calculating:
MOE = 0.137
Confidence interval will be: (p - MOE, p+MOE)
= (0.58-0.137, 0.58+0.137)
= (0.443, 0.717)
Thus, the margin of error is 0.137 and the confidence interval for the population proportion is (0.443, 0.717).
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