Supplementary Exercise 8.98 of IPS7e ------------------------------------ n=975 university students examined with respect to change of major during college years. X = number of those students that did change major. Observed X=411. Assume X to follow B(875,p). (An approximate binomial setting, because sampling is from a finite population, but meeting the requirement than N>20*n.) (a) sample proportion: p_hat = X/n = 0.470, standard error of p_hat: sqrt(p_hat*(1-p_hat)/n) = 0.0169 classical approximate 95% CI for p: 0.470 +- 1.96*0.0169 = (0.437,0.503) The classical CI should be perfectly fine here with a large number of positives and negatives. (b) in percent: 95% CI is (43.7%,50.3%) (c) in numbers for a population of 37,000: 95% CI is 37,000*(0.437,0.503) = (16,155; 18,603), using all decimals in the calculation