A manufacturer of liquid soaps wants to estimate the proportion of individuals using liquid soaps as opposed
Question:
a. For the various levels of precision and confidence indicated, calculate the needed sample size.
b. Which alternative gives the largest estimate of the sample size? Explain.
Transcribed Image Text:
Desired Precision in Percentage Points (+/- Desired Confidence 0.99 0.90 0.99 0.95 0.90 0.99 0.90 0.95 0.95 (96) Estimated Proportion 20 Estimated Sample Size 4 4 20 2 10 20
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
a The sample sizes for the various alternatives are estimated by nH z1 or n z 2 1 H 2 Desir...View the full answer
Answered By
Vijesh J
My passion to become a tutor is a lifetime milestone. Being a finance and marketing professional with hands-on experience in wealth management, portfolio management, team handling and actively contributing in promoting the company. Highly talented in managing and educating students in most attractive ways were students get involved. I will always give perfection to my works. Time is the most important for the works and I provide every answer on time without a delay. I will proofread each and every work and will deliver a with more perfection.
4.70+
5+ Reviews
15+ Question Solved
Related Book For
Basic Marketing Research
ISBN: 978-1133188544
8th edition
Authors: Tom J. Brown, Tracy A. Suter, Gilbert A. Churchill
Question Posted:
Students also viewed these Marketing questions
-
The country clerk wants to estimate the proportion of retired voters who will need special election facilities. The clerk wants to fin a 95% confidence interval for the population. She takes a sample...
-
You want to estimate the proportion of individuals in your area who think the public school system needs major overhauling. If you believe the proportion will be about 35%, how many individuals will...
-
You have 25 observations of university policeman Sgt. Jack B. Nimble during his normal workday. The results are shown here. Assume that the estimated proportion is to be within 5 percent of the true...
-
In 2006, Walmart was operating more than 6,500 stores with 1.8 million employees around the world. In the early 1990s, Walmart Stores Inc. expanded into Canada, with the purchase of 122 stores from...
-
Calculate the value of a bond that will mature in 14 years and has 41,000 face value. The annual coupon rate is 7% and the investor has required rate of return is 10%. What happens to the price of...
-
Vapor-liquid equilibrium data in mole fractions for the system acetone-air-water at 1 atm (101.3 Pa) are as follows: (a) Plot the data as (1) a graph of moles acetone per mole air versus moles...
-
Observations show that it is not possible to blow the table tennis ball from the funnel shown in Fig. P3.122a. In fact, the ball can be kept in an inverted funnel, Fig. P3.122b, by blowing through...
-
Mayn Co., a womens clothing store, purchased $36,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Mayn Co. returned $4,000 of the merchandise, receiving a credit...
-
You've got a flat tire. To lift your car, you make a homemade lever. A very light 1.6-m -long handle part is pushed down on the right side of the fulcrum and a 0.050-m -long part on the left side...
-
Callahan, Inc., sells a forward on ounces of gold to remove uncertainty regarding the revenue it will recognize when it sells its gold inventory. The forward represents a perfect cash flow hedge....
-
For each of the following situations, identify the appropriate target population and sampling frame. a. A local chapter of the American Lung Association wants to test the effectiveness of a brochure...
-
You are the assistant director of political research for the ABC television network, and two candidates, Joseph Thomas and Ann Martin, are running for president of the United States. You need to...
-
Your bakery produces loaves of bread with 1 pound written on the label. Here are weights of randomly sampled loaves from todays production: a. Find the 95% confidence interval for the mean weight of...
-
How does the spread between a Caarated bond over a Aaarated bond vary over the business cycle? Why? A Aaarated bond over a comparable maturity Treasury security?
-
Which commercial paper credit rating is highest: A1 (P1), A2 (P2), or A3 (P3)? Lowest? How do these relate to corporate bond ratings?
-
What does netting in the context of the payment system mean? What is the role of a clearinghouse? How are net balances settled between banks?
-
Why did structured securities do so poorly during the financial crisis? Would you regard their risk attributes as having been transparent or opaque?
-
Describe the ways in which monetary policy works through the mortgage marketboth residential and commercial.
-
Do three QR-steps to find approximations of the eigenvalues of: The matrix in the answer to Prob. 3 Data from Prob. 3 Tridiagonalize. Show the details.
-
According to a recent survey, 40% of millennials (those born in the 1980s or 1990s) view themselves more as spenders than savers. The survey also reveals that 75% of millennials view social...
-
A marketing manager of newegg, a web-based electronic products sales company, uses a segmentation scheme based on the incomes of target customers. The segmentation system has four segments: (1) low...
-
1. Jeff wonders if L'Experience Flicit Restaurant is more appealing to women that it is to men or vice versa. Perform the proper analysis, interpret it, and answer Jeff's question. 2. With respect to...
-
List the recommended steps for analyzing relationships.
-
1. Define latent heat and how it is different than specific heat capacity. 2. Describe how a phase diagram changes when changing from a solid to a liquid. 3. Describe how work done is related to a...
-
In a large vaccination clinic, patients arrive at the rate of 50 per hour. The clinic is staffed with five nurses and it takes on average 6 minutes for a nurse to vaccinate a patient. Both patient...
-
Calculate the missing value. Beginning cash balance add : cash receipts Collection of notes receivable Proceeds from sale of securities collection from credit sales Total receipts Total available...
Study smarter with the SolutionInn App