An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample

Question:

An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample should be obtained if he wishes the estimate to be within 0.02 with 90% conﬁdence if

(a) he uses a 2010 estimate of 0.669 obtained from the U.S Census Bureau?

(b) he does not use any prior estimates?

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

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

See More Books

Question Posted: Apr 28, 2015 12:22 AM

See More Questions

An airline analyst wishes to estimate the proportion of all American adults who are afraid to fly because of potential terrorist attacks. To estimate this percentage, the analyst decides to survey...
A national safety council wishes to estimate the proportion of automobile accidents that involve pedestrians. How large a sample of accident records must be examined to be 98% certain that the...
An investigator wishes to estimate the proportion of students at a certain university who have violated the honor code. Having obtained a random sample of n students, she realizes that asking each,...
1). Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to...
JSON is widely used in the context of NoSQL databases. What is its primary role?
The demand function for a certain product is p=144-2x2 and the supply function is p=x2+33x+48. Find the producer's surplus at the equilibrium point. In the following equation p is in dollars and x is...
Audience Scores on Rotten Tomatoes The variable AudienceScore in the dataset HollywoodMovies gives audience scores (on a scale from 1 to 100) from the Rotten Tomatoes website. The five number summary...
Majoli Inc. has capitalized computer software costs of $3,900,000 on its new Trenton software package. Revenues from 2012 (first year) sales are $2,000,000. Additional future revenues from Trenton...
an online retailer uses a fixed time period with safety stock inventory system to control the inventory of a type of visual reality (VR) headsets it stocks. Demand for the VR headsets average 50...
Kraft Foods successfully introduced DiGiorno Pizza into the marketplace in 1996, with first year sales of $120 million, followed by $200 million in sales in 1997. It was neither luck nor coincidence...
A researcher wishes to estimate the proportion of households that have broadband Internet access. What size sample should be obtained if she wishes the estimate to be within 0.03 with 99% condence if...
A researcher for the U.S. Department of theTreasury wishes to estimate the percentage of Americans who support abolishing the penny. What size sample should be obtained if he wishes the estimate to...
A piston-cylinder device contains 0.1 kg of steam at 1.4 MPa and 290oC. Steam then expands to a final state of 220 kPa and 150oC, doing boundary work. Heat losses from the system to the surroundings...
What basis of comparison is used for interim financial statements?
The three basic categories of information in the GRI Framework on Sustainability are: a. economic, human rights, and ethics. b. economic, environmental and corporate governance. c. economic,...
Your message of April 1 claims that the blade in your food processor malfunctioned. Although you apparently failed to read the operators manual, we are sending you a replacement blade PLUS another...
She said that the movie she saw was not very good. Your Task. Revise the following sentences to improve clarity and precision. Use your imagination to add appropriate words.
Which of the following is not included in the GRI Framework on Sustainability? a. Labor practices and decent work b. Human rights c. Product responsibility d. Corporate governance
Describe how there could be conflicts between short-term and long-term benefits.
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
Problems 143152 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Find...
Problems 107116 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Find...
Problems 143152 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam....
Consider the control system in Figure where v(t) is a sinusoidal disturbance, v(t)=sin(t). Compute the absolute value of the sensitivity function at w = 1 rad/s as a function of K. How must K be...
ABC Corporation, a growing tech company, decides to raise capital by issuing convertible debt securities. Convertible debt allows bondholders the option to convert their debt into a predetermined...
Design Analog and Digital IIR Bandstop filter considering pass band edge1 20kHz, stop band edges 22 kHz & 38kHz, pass band edge2 40kHz, sampling frequency 100kHz. Additionally, draw corresponding...

An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample

Question:

Step by Step Answer:

For 90 confidence z a2 z 05 1645 a Using p 0669 149805 wh...View the full answer

Fundamentals Of Statistics

Students also viewed these Statistics questions