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Parameter: What is the true percentage of all my Facebook Friends who would identify summer as their favorite season? Statistic: In a sample of 242
Parameter: What is the true percentage of all my Facebook Friends who would identify summer as their favorite season?
Statistic: In a sample of 242 Facebook Friends, 112 of them picked summer as their favorite season. This means that my statistic, or sample percentage (p), was 46.3
Margin of Error ?
Z = 1.96
p (p-hat) = .463
n = 242
Confidence Interval ?
What formula do I use to find the margin of error and the confidence interval. Basically how do I get this answer I'm using this as an example to figure out my actual problem.
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