One-Proportion z Confidence Interval
Conditions (PANIC acronym):
- Parameter: Identify the parameter of interest ( = true proportion of...)
- Assumptions: Check conditions
- Random: Sample is a random sample
- Independence: of population
- Normal: AND (use not !)
- Name the interval: One-proportion z interval
- Interval: Compute
- Conclusion: Interpret in context
Formula:
where is the critical value for the desired confidence level.