How hard is it to reach a businessperson by phone? Let p be the proportion of calls
Question:
(a) If you have no preliminary estimate for p, how many business phone calls should you include in a random sample to be 80% sure that the point estimate will be within a distance of 0.03 from p?
(b) The Book of Odds by Shook and Shook (Signet) reports that businesspeople can be reached by a single phone call approximately 17% of the time. Using this (national) estimate for p, answer part (a).
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Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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