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Collect 50 or more qualitative data itemsthen construct a

Collect 50 or more qualitative data items.Then, construct a 90% confidence interval for the population proportion, p.

Examples of qualitative data are hair color, human blood type, gender, nationality, and hurricane category.

Then, answer the following:

Write down your sample size.
From your data, what is the point estimate, p^ of the population proportion?
Write down the confidence interval that you obtained. Interpret the result.
What is the margin of error?

Using the same data, construct a 98% confidence interval for the population proportion. Then, answer the following three questions:

What happens to the length of the interval as the confidence level is increased?
How has the margin of error changed?
If the sample size is increased, what do you think will happen to the margin of error? Why?

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Finance Basics: Collect 50 or more qualitative data itemsthen construct a

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