A simple random sample is to be drawn from a population of 800. In order to have

Question:

A simple random sample is to be drawn from a population of 800. In order to have 95% confidence that the sampling error in estimating π is no more than 0.03, what sample size will be necessary?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Business Statistics

ISBN: 9781111524081

7th Edition

Authors: Ronald M. Weiers

See More Books

Question Posted: Sep 08, 2015 07:03 AM

See More Questions

A simple random sample is to be taken of 527 business majors in a college to estimate the proportion favoring greater emphasis on business ethics in the curriculum. How many observations are...
A simple random sample of size n is drawn from a population. The sample mean, x, is 54.8 and the sample standard deviation is10.5. (a) Construct the 90% condence interval for the population mean if...
A simple random sample of size n is drawn from a population that is known to be normally distributed. The sample mean, x, is determined to be 104.3 and the sample standard deviation, s, is determined...
The separation of operational responsibility from record keeping is meant to prevent different types of misstatements than the separation of the custody of assets from accounting. Explain the...
David Cooper purchased a computer and software for his supermarket business. He was using a soft- ware program recommended and installed by the seller, Contemporary Computer Systems, Inc. The sales...
What is Groschs Law? Does it hold today? Why or why not?
In 2023, an article in the Wall Street Journal noted that many employers say they had to raise wages last year to recruit and hold on to restaurant servers, hotel housekeepers, and retail store...
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $110,100 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.8% and SUTA...
6. 7. 8. If one of the diameters of the circle x + y-2x-6y+6=0 is a chord of another circle 'C', whose centre is at (2, 1), then its radius is Let Bi (i = 1, 2, 3) be three independent events in a...
Semi-xylenol orange is a yellow compound at pH 5.9 but turns red when it reacts with Pb 2+ . A 2.025-mL sample of semixylenol orange at pH 5.9 was titrated with 7.515 10 -4 M Pb(NO 3 ) 2 , with the...
A local environmental agency has selected a simple random sample of 16 homes to be tested for tap-water lead. Concentrations of lead were found to have a mean of 12 parts per billion and a standard...
A simple random sample is to be drawn from a population of 2000. The population standard deviation has been estimated as being 40 grams. In order to have 99% confidence that the sampling error in...
The respiratory disease emphysema, which is most commonly caused by smoking, causes damage to the air sacs in the lungs. According to the National Center for Health Statistics report Data from the...
A coagulation chamber is designed to mix Al2SO4 with raw drinking water in 40 seconds. The electrical motor provides 2900 W power into the system to satisfy 100 rpm rotational speed at 10C...
A U.S. firm has a MXN 25,000,000 payable (money they will owe to a supplier, for example) due in 4 months. The current exchange rate is $.182/MXN and the U.S. firm fears the MXN could appreciate...
Government spending on capital goods, such as roads, could increase aggregate supply. Such effects on aggregate supply are likely to be more important in the short run than in the long run. Explain
1. 1Where do snap judgments arise from? ADAPTIVE UNCONSCIOUS BROCA'S AREA PREFRONTAL CORTEX WERNICKE'S AREA
George is an Electrical Engineer who is working at Garmin, the company that makes GPS units and smart watches. He has been working there for the past 3 years in which he and his colleagues have...
Simplify each exponential expression in Exercises 2364. (x11)5
Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...
The United Auto Courts Reports blog notes that the National Insurance Crime Bureau says that Miami- Dade, Broward, and Palm Beach counties account for a substantial number of questionable insurance...
The number of arrivals per minute at a bank located in the central business district of a large city was recorded over a period of 200 minutes, with the following results: a. Compute the expected...
The manager of the commercial mortgage department of a large bank has collected data during the past two years concerning the number of commercial mortgages approved per week. The results from these...
What percentage of the American opportunity tax credit may be refundable?
You want to buy a house. You have $50,000 saved for the down payment and can pay $2,000 per month on the mortgage. The 30-year mortgage interest rate is 9% per year (equal to 0.75% per month). What...
Compute the Social Security and Medicare for Paul, Alex, and Andrea. The rates are 6 . 2 % for Social Security and 1 . 4 5 % for Medicare. Assume the Social Security limit is $ 1 4 2 , 8 0 0 and the...

A simple random sample is to be drawn from a population of 800. In order to have

Question:

Step by Step Answer:

Given a population size N 800 and e 003 Since no estimate ha...View the full answer

Introduction To Business Statistics

Students also viewed these Statistics questions