00:01
We have some sample data.
00:02
So we took a sample of 350 people, so there's our sample size, out of these 98 of them said they would not be getting a vaccine.
00:12
So x would be 98.
00:13
We want to take this information and make a confidence interval for the proportion of americans who won't get vaccinated.
00:20
So the formula we need for that is p -hat, sample proportion, point estimate, plus and minus the margin of error, z root p -hat, 1 minus p -hat, over n.
00:33
So what is p -hat, first of all? well, it is the proportion of our sample who won't get vaccinated.
00:40
98 out of 350.
00:43
Let me see if this is a nice number or not.
00:46
Yep, 0 .28.
00:50
Z we get from a level of confidence.
00:53
So right now this is a binomial experiment.
00:56
We have n independent trials, two outcomes, they won't get vaccinated, or they will.
01:02
Same probability p, whatever it is, of not getting vaccinated.
01:07
The binomial variable is x, the number of people in the sample who say they won't.
01:12
From this we take a normal approximation.
01:16
So this is now a normal distribution, still concerning variable x.
01:20
I want it to concern p -hat.
01:23
So all i do is take the distribution, take its parameters, divide everything by n, sample size.
01:30
Now it's a sampling distribution.
01:33
And i put my point estimate in the middle here, form the interval around it, containing 99 % of the area of this curve.
01:40
99 % confidence.
01:42
It's a bit wide.
01:45
1 % is in the tails, so each tail is half a percent.
01:50
Z is the z -score to exclude those tails.
01:53
You might have a table of these.
01:55
If not, you can use invnorm on excel or your calculator.
02:00
Just put in the area to the left, 0 .005 or 0 .995, and it gives you the critical value, 2 .576.
02:09
So the interval is 0 .28, plus and minus, i'm going to get my margin of error now, 0 .28 times 0 .72, divided by 350, square root it, multiplied by 2 .576, is 0 .06.
02:29
Actually, i'll add an extra decimal place here, 62, to three decimal places.
02:34
If i take that away from my confidence interval, i get the lower bound, 0 .218...