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    Confidence Interval: Population Proportion

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    The First National Bank of Wilson has 650 checking account customers. A recent sample of 50 of these customers showed 26 to have a VISA card with the Bank. Construct the 99 percent confidence interval for the proportion of checking account customers who have a VISA card with the bank.

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    Solution Summary

    The solution provides step by step method for the calculation of confidence interval for population proportion. Formula for the calculation and Interpretations of the results are also included. Interactive excel sheet is included. The user can edit the inputs and obtain the complete results for a new set of data.