00:01
Alright, in the given question, our first part of the question is to construct a 99 % confidence interval for the population proportion.
00:08
Now here we have a sample of size 160 and the number of favorable outcomes are 72, right.
00:16
So the sample proportion is 72 divided by 160 that is 0 .45, alright.
00:23
Now for the confidence level of 99%, the value of alpha is 1 -0 .99 that is 0 .01, okay.
00:32
So for alpha 0 .01, we use the critical value of 2 .576.
00:38
Now here the formula for the confidence interval is sample proportion plus minus critical value multiplied by the standard error.
00:47
So this will be equal to 0 .45 plus minus 2 .576 into square root of 0 .45 into 1 -0 .45 divided by 160.
01:02
So this is equal to 0 .45 plus minus 0 .1013 which is equal to 0 .3487 and 0 .5513, right.
01:15
This is our confidence interval.
01:17
Now for the next part of the question here, it says that can you conclude with 99 % confidence that the proportion of household and own a dog is greater than 40%, alright.
01:30
So here 40%, this is included in our confidence interval, right...