Question
If the number of success or the number of failures is less than 10, then the confidence interval has a far less success rate in
If the number of success or the number of failures is less than 10, then the confidence interval has a far less success rate in capturing the population parameter. Fortunately, there is a simple alternative procedure, know as "plus-four", that works remarkably well. The idea of the plus-four interval is to pretend that the sample contained two more "successes" and two more"failures" than it actually did, and then carry on like always. If the sample proportion is p=x/n where x represents the number of success and n represent the sample size. Then the modified sample proportion after including the fictional successes and failures is denoted by
p= (x+ 2)/(n+ 4)
The plus-four 95% confidence interval is therefore:
p 1.96 . p(1p) / n+ 4 (SQUARE ROOT)
Question : Let p= 3/10. Compute p.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started