Margin of error = 0.04; confidence level = 99%; educated guess = 0.5 a. Obtain a sample
Question:
Margin of error = 0.04; confidence level = 99%; educated guess = 0.5
a. Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed value of the sample proportion is further from 0.5 than the educated guess).
b. Compare your answer to the corresponding one from Exercises 12.31-12.36 and explain the reason for the difference, if any.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a Round this up to n 1037 b This is the same as ...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Margin of error = 0.01; confidence level = 90%; likely range = 0.7 or greater We have specified a margin of error, a confidence level, and a likely range for the observed value of the sample...
-
1. Margin of error = 0.01; confidence level = 95% 2. Margin of error = 0.02; confidence level = 95% 3. Margin of error = 0.02; confidence level = 90% We have specified a margin of error and a...
-
Margin of error = 0.01; confidence level = 95%; educated guess = 0.3 a. Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed...
-
Why are variances usually written off to cost of goods sold?
-
Angel White Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass...
-
A researcher conducts an experiment comparing two treatment conditions with 20 scores in each treatment condition. a. If an independent-measures design is used, how many subjects are needed for the...
-
Is the development life cycle over with deployment?
-
Textile Company frequently factors its accounts receivable. During 2007, Faeber made credit sales of $100,000 to customers, under terms of 2/10, n/30. Faeber records its credit sales using the gross...
-
The letters of the word HAT are cut apart and put into a bag. One letter is drawn from the bag and a standard die is rolled. What is the probability of drawing the letter A and rolling a number that...
-
A basic wooden railway set contains the pieces shown in Figure 3.32. The task is to connect these pieces into a railway that has no overlapping tracks and no loose ends where a train could run off...
-
Margin of error = 0.03; confidence level = 99%; educated guess = 0.5 a. Obtain a sample size that will ensure a margin of error of at most the one specified (provided of course that the observed...
-
Margin of error = 0.01; confidence level = 95%; likely range = 0.2 to 0.4 We have specified a margin of error, a confidence level, and a likely range for the observed value of the sample proportion....
-
Which of the following is not a requirement to receive the premium tax credit for health care in 2022? a. Health care through the employer is not available b. Health insurance is purchased through...
-
A 2 5 . 4 g piece of iron and a 2 4 . 2 g piece of gold at 1 0 0 . 0 degrees celsius were dropped into 6 1 0 . 0 mL of water at 2 7 . 0 degrees Celsius. The molar heat capacities of iron and gold are...
-
What's the partial pressure of carbon dioxide in a container that holds 5 moles of carbon dioxide, 3 moles of nitrogen, and 1 mole of hydrogen and has a total pressure of 1.05 atm?
-
What is the molar solubility ( in terms of mol / L ) of SrF 2 in pure water? Note the Ksp of SrF 2 is 2 . 6 x 1 0 - 1 0 Molar solubility of SrF 2 = 1 . 9 x 1 0 - 3 MMolar solubility of SrF 2 = 8 . 7...
-
Write the net ionic equation for the equilibrium that is established when ammonium iodide is dissolved in water. (Use H3O+ instead of H+. It is not necessary to include states such as (aq) or (!).) +...
-
You measure the amount of carbon-14 (the parent isotope) and nitrogen-14 (the daughter isotope) in a sample of bone and determine that 0.75 half-lives have elapsed for carbon-14. What is the age of...
-
Select a random sample of eight storms by using random numbers, and find the average maximum wind speed. Compare with the population mean. Atlantic or Classification Name Max. wind Pacific Ana 60...
-
Information graphics, also called infographics, are wildly popular, especially in online environments. Why do you think infographics continue to receive so much attention? How could infographics be...
-
What is the probability that a baby will be born on a Friday OR a Saturday OR a Sunday if all the days of the week are equally likely as birthdays?
-
Cards If one card is selected from a well-shuffled deck of 52 cards, what is the probability that the card will be a club OR a diamond OR a heart? What is the probability of the complement of this...
-
A StatCrunch poll asked people if college was worth the financial investment. They also asked the respondents gender. The table shows a summary of the responses. a. If a person is chosen randomly...
-
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