Answer:
The point estimate for p is of 0.12.
The 90% confidence interval for p is 0.0862 < p < 0.1538.
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 z-score that has a p-value of [tex]1 - \frac{\alpha}{2}[/tex].
The manager of the dairy section of a large supermarket chose a random sample of 250 egg cartons and found that 30 cartons had at least one broken egg.
This means that [tex]n = 250, \pi = \frac{30}{250} = 0.12[/tex]
The point estimate for p is of 0.12.
90% confidence level
So [tex]\alpha = 0.1[/tex], z is the value of Z that has a p-value of [tex]1 - \frac{0.1}{2} = 0.95[/tex], so [tex]Z = 1.645[/tex].
The lower limit of this interval is:
[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.12 - 1.645\sqrt{\frac{0.12*0.88}{250}} = 0.0862[/tex]
The upper limit of this interval is:
[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.12 + 1.645\sqrt{\frac{0.12*0.88}{250}} = 0.1538[/tex]
The 90% confidence interval for p is 0.0862 < p < 0.1538.