If you want to be 95% confident of estimating the population proportion to within a sampling error
Question:
If you want to be 95% confident of estimating the population proportion to within a sampling error of ± 0.02 and there is historical evidence that the population proportion is approximately 0.40, what sample size is needed?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Use n 23...View the full answer
Answered By
Jinah Patricia Padilla
Had an experience as an external auditor in Ernst & Young Philippines and currently a Corporate Accountant in a consultancy company providing manpower to a 5-star hotel in Makati, Philippines, Makati Diamond Residences
5.00+
120+ Reviews
150+ Question Solved
Related Book For
Business Statistics A First Course
ISBN: 9780321979018
7th Edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
Question Posted:
Students also viewed these Statistics questions
-
If you want to be 95% confident of estimating the population mean to within a sampling error of 5 and the standard deviation is assumed to be 15, what sample size is required?
-
If you want to be 99% confident of estimating the population mean to within a sampling error of 20 and the standard deviation is assumed to be 100, what sample size is required?
-
If you want to be 99% confident of estimating the population proportion to within a sampling error of 0.04, what sample size is needed?
-
Determine whether the given set of matrices under the specified operation, matrix addition or multiplication, is a group. Recall that a diagonal matrix is a square matrix whose only nonzero entries...
-
Your friend Edgar has just finished his first year working full-time, and comes home beaming with an envelope from the IRS, which has sent him a check for $650 after he sent in his tax forms. Explain...
-
Brenda Tooley owns and operates Speedy Delivery Services. On January 1, 20Y7, Common Stock had a balance of $75,000, and Retained Earnings had a balance of $615,700. During the year, $15,000 of...
-
For each of the following situations, calculate the \(z\)-statistic \((z)\). a. \(\mathrm{X}^{-}=8.00 ; \mu=5 ; \sigma=6 ; N=16\) b. \(\mathrm{X}^{-}=4.00 ; \mu=2 ; \sigma=8 ; N=25\) c....
-
A study dealing with health care issues plans to take a sample survey of 1500 Americans to estimate the proportion who have health insurance and the mean dollar amount that Americans spent on health...
-
9. Write a trinomial of the form x + bx+c that is prime.
-
Michael Abrams runs a specialty clothing store that sells collegiate sports apparel. One of his primary business opportunities involves selling custom screenprinted sweatshirts for college football...
-
What are the global trends that technology CEOs believe will transform their business? According to a PwC white paper, 105 of 117 technology CEOs from around the world responded that technological...
-
A survey is planned to determine the mean annual family medical expenses of employees of a large company. The management of the company wishes to be 95% confident that the sample mean is correct to...
-
Under ASPE, when are sales discounts normally recorded? What account is used to record the cost of providing a sales discount to customers? Where is this account reported on the financial statements?
-
A taxpayer expenses out $ 1 5 0 , 0 0 0 of tangible property under IRC Section 1 7 9 when they file their Federal return. The taxpayer will need to apportion the Section 1 7 9 between California...
-
ABC partnership is dissolving.assume the noncash assets ( axxounts recwivable with a carrying amount of 4 5 0 0 0 and equupment with a cost of 6 5 0 0 0 and accumulated depreciation of 3 5 0 0 0 )...
-
The following transactions for Habari Company occurred during January 2 0 1 7 : Jan 1 Purchased a two - year insurance policy for cash, $ 8 , 4 0 0 . Jan 4 Paid utilities bill that was received in...
-
How did you calculate Amortization accrued: $ 7 2 , 0 0 0 per period x 2 years and 2 months = $ 1 6 0 , 8 0 0?
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
-
Show that for T = 300 K, about 0.1 percent of the free electrons in metallic silver have an energy greater than E F .
-
Define the essential properties of the following types of operating systems: a. Batch b. Interactive c. Time sharing d. Real time e. Network f. Parallel g. Distributed h. Clustered i. Handheld
-
The amount of time that a customer spends waiting at an airport check-in counter is a random variable with mean 8.2 minutes and standard deviation 1.5 minutes. Suppose that a random sample of n = 49...
-
A random sample of size n1 = 16 is selected from a normal population with a mean of 75 and a standard deviation of 8. A second random sample of size n2 = 9 is taken from another normal population...
-
A consumer electronics company is comparing the brightness of two different types of picture tubes for use in its television sets. Tube type A has mean brightness of 100 and standard deviation of 16,...
-
8. A loan is being repaid with a series of payments at the end of each quarter for five years. If the amount of principal in the third payment is $100, find the amount of principal in the last five...
-
If you issue 1000$ of debt and pay it out as dividends, how does it impact your EV?
-
What are APR *and* APY rates of investment X that earns 0.2% per week, compounded weekly? You can invest (that is, 'lend') for one year either at the rate X described above, or, alternatively, at the...
Study smarter with the SolutionInn App