random sample found that forty percent of 100 Americans were satisfied with the gun control laws in 2017. Compute a 99% confidence interval for the true proportion of Americans who were satisfied with the gun control laws in 2017.

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Answer:

The 99% confidence interval for the true proportion of Americans who were satisfied with the gun control laws in 2017 is (0.274, 0.526).

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 = 100, \pi = 0.4[/tex]

99% confidence level

So [tex]\alpha = 0.01[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.01}{2} = 0.995[/tex], so [tex]Z = 2.575[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.4 - 2.575\sqrt{\frac{0.4*0.6}{100}} = 0.274[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.4 + 2.575\sqrt{\frac{0.4*0.6}{100}} = 0.526[/tex]

The 99% confidence interval for the true proportion of Americans who were satisfied with the gun control laws in 2017 is (0.274, 0.526).