Why do we often need to take a preliminary sample when determining the size of the sample
Question:
Why do we often need to take a preliminary sample when determining the size of the sample needed to make the margin of error of a confidence interval equal to E?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Because is unkno...View the full answer
Answered By
Stacy kosgei
I offer quality, original and timely services; Highly credible and void of plagiarism. Your success is my pleasure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics In Practice
ISBN: 9780077534844
7th Edition
Authors: Bruce Bowerman, Richard OConnell, Emilly Murphree
Question Posted:
Students also viewed these Business questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
What about sample size? If we want a confidence interval with maximal margin of error E and level of confidence c, then Section 7.1 shows us which formulas to apply for a single mean m and Section...
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
Built-Tite uses job order costing. The T-account below summarizes Factory overhead activity for the current year. Factory Overhead Debit Credit 16,200 106,600 25,200 60,200 1. Compute total applied...
-
Andrea Hutchinson is a realtor. She organized her business as a corporation on August 16, 2013. The business received $75,000 cash from Hutchinson and issued common stock. Consider the following...
-
The adjusted trial balance of Honeybee Hams Inc. follows. Requirement Prepare Honeybee Hams's income statement and statement of retained earnings for the year ended December 31, 2017, and its balance...
-
List five characteristics of a successful tax professional.
-
You are provided with the following transactions that took place during a recent fiscal year. Instructions Complete the table indicating whether each item (1) affects operating (O) activities,...
-
The first step in classifying information is to determine: 1. What level of classification is appropriate for the information? 2. If the information in question is official government material. 3....
-
The accounts of an investment firm have been classified into 143 large accounts, 4,780 medium sized accounts, and 20,973 small accounts. The investment firm provides an auditor with each accounts...
-
Why do we compute z values when using the normal table? Explain.
-
WoodCrafts, Inc., is a manufacturer of furniture for specialty shops throughout the Northeast and has an annual sales volume of $12 million. The company has four major product lines: bookcases,...
-
1. Consider a channel with a white noise power of 10mW. (1) (10 points) If the channel bandwidth is 5MHz and the signal transmission power is 100mW, how much is the Shannon capacity of the channel?...
-
what is the consumer's role in the intelligence process? why is it important? please include any references
-
What is the central message of the Movie Hidden Figures and Why?
-
How can management and leaders reflect on practices within the early childhood organisation to create practices that support innovation?
-
1. How effective is Lysistrata as an antiwar work? In what ways does it make its argument against the war clear? How might people of that time react to it? How about people now? 2. What do the...
-
An investor is considering the purchase of a $1,000 par value bond with an 8% coupon rate (with interest paid semiannually) that matures in 5 years. If the bond is priced to yield 6%, what is the...
-
If 2 5 9 - k 5 8 = 2 5 8 , what is the value of k?
-
When a pizza restaurant's delivery process is operating effectively, pizzas are delivered in an average of 45 minutes with a standard deviation of 6 minutes. To monitor its delivery process, the...
-
In each of the following cases, determine whether the sample size n is large enough to say that the sampling distribution of p is a normal distribution. a. p = .4. n = 100 b. p = .1. n = 10 c. p =...
-
In each of the following cases, find the mean, variance, and standard deviation of the sampling distribution of the sample proportion p. a. p = .5, n = 250 b. p = .1. n = 100 c. p = .8. n = 400 d. p...
-
You are asked to assist with a "fender bender" case in which the client obtained superficial injuries. She only suffered a few scratches, bruises, and whiplash. Luckily, her injuries did not require...
-
Suppose a customer offers you a huge contract for your product (from the first assignment). This customer will pay you 10% less than your normal charge, but will order 5,000 units of your product....
-
how merchandising operations involves buying and selling goods for profit. It's fascinating to see how companies strategically manage their inventory, pricing, and promotions to attract customers and...
Study smarter with the SolutionInn App