Question

Assume that the population proportion is 0.46. Compute the standard error of the proportion, σp, for sample sizes of 500,000; 1,000,000; 5,000,000; 10,000,000; and 100,000,000. (Round your answers to five decimal places.)sample size of 500,000 __________sample size of 1,000,000_________sample size of 5,000,000_________sample size of 10,000,000_________sample size of 100,000,000 ___________

Answer 1

Answer:

a) 0.00070

b) 0.00050

c) 0.00022

d) 0.00016

e) 0.00005

Step-by-step explanation:

Standard error for proportion formula

S.E = √P(1 - P)/n

Where P = proportion

n = number of samples

Assume that the population proportion is 0.46. Compute the standard error of the proportion, σp, for sample sizes of a) 500,000

S.E = √P(1 - P)/n

= √0.46 × 0.54/500000

= √ 4.968 ×10^-7

= 0.0007048404

≈ 0.00070

b) 1,000,000

√P(1 - P)/n

= √0.46 × 0.54/1000000

= 0.0004983974

≈ 0.00050

c) 5,000,000

√P(1 - P)/n

= √0.46 × 0.54/5000000

= √ 4.968 ×10^-8

= 0.0002228901

≈ 0.00022

d) 10,000,000

√P(1 - P)/n

= √0.46 × 0.54/10000000

= √2.484 ×10^-8

= 0.0001576071

≈ 0.00016

e) 100,000,000

√P(1 - P)/n

= √0.46 × 0.54/100000000

= √2.484 × 10^-9

= 0.0000498397

= 0.00005