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Finding the 95% Confidence Interval Example: Would You Pay Higher
for a Population Proportion Prices to Protect the Environment?
A 95% confidence interval for a population In 2000, the GSS asked: “Are you
proportion p is: willing to pay much higher prices in
order to protect the environment?”
p̂(1 - p̂)
p̂ ± 1.96(se), with se = • Of n = 1154 respondents, 518 were
n willing to do so
Example: Would You Pay Higher Example: Would You Pay Higher
Prices to Protect the Environment? Prices to Protect the Environment?
x = $233.57 s 14.64
x ± t.025 ( ) = 233.57 ± 2.44( )
The sample standard deviation is: n 7
s = $14.64 which is 233.57 ± 13.54 or (220.03, 247. 11)