Safe margin of error. The margin of error z ^p(1 ^p)/n is 0 when ^p is
Question:
Safe margin of error. The margin of error z∗
^p(1
−
^p)/n is 0 when
^p is 0 or 1 and is largest when ^p is 1/2. To see this, calculate ^p(1 − ^p) for
^p
= 0, 0.1, 0.2, . . . , 0.9, and 1. Plot your results vertically against the values of ^p horizontally. Draw a curve through the points. You have made a graph of
^p(1
−
^p). Does the graph reach its highest point when ^p
= 1/2? You see that taking ^p = 1/2 gives a margin of error that is always at least as large as needed.
Step by Step Answer:
Related Book For
Statistics Concepts And Controversies
ISBN: 9781429277761
7th Edition
Authors: David S Moore, William I Notz
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