EXAMPLE 17 The 68–95–99.7 Rule Again
In Example 16, the population parameter, the proportion of adults who agreed with some statement, is p=0.6. if we take SRSs of size 1500, the sample proportions ˆp follow the normal distribution with a mean of 0.6 and a standard deviation of 0.0126. The “95” part of the 68–95–99.7 rule from Section 5.9 (page 216) says that 95% of all samples give a ˆp within 2 standard deviations of the truth about the population. So in this example, 95% of all samples have ˆp within 2×0.0126 of 0.60, that is, between 0. 57 and 0.63 (rounded to two decimal places). Figure 7.10 illustrates this use of the 68–95–99.7 rule.
Rounding Numbers