Answer:
a. The 95% confidence interval for the population proportion of people over 50 who ran and died in the same eight-year period is (0.0038, 0.0262).
b. It means that we are 95% sure that the true proportion of people over 50 who ran and died in the same eight-year period is (0.0038, 0.0262).
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.
[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]
In which
z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].
For this problem, we have that:
[tex]n = 451, \pi = 0.015[/tex]
95% confidence level
So [tex]\alpha = 0.05[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].
The lower limit of this interval is:
[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.015 - 1.96\sqrt{\frac{0.015*0.985}{451}} = 0.0038[/tex]
The upper limit of this interval is:
[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.015 + 1.96\sqrt{\frac{0.015*0.985}{451}} = 0.0262[/tex]
The 95% confidence interval for the population proportion of people over 50 who ran and died in the same eight-year period is (0.0038, 0.0262).
b. Explain in a complete sentence what the confidence interval means
It means that we are 95% sure that the true proportion of people over 50 who ran and died in the same eight-year period is (0.0038, 0.0262).