Question: At 95% confidence, how large a sample should be taken to obtain a margin of error of .03 for the estimation of a population proportion?

At 95% confidence, how large a sample should be taken to obtain a margin of error of .03 for the estimation of a population proportion? Assume that past data are not available for developing a planning value for p*.

Step by Step Solution

★★★★★

3.55 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Use plannin... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (2 attachments)

1620_60641d70695c9_685461.pdf

180 KBs PDF File

1620_60641d70695c9_685461.docx

120 KBs Word File

Students Have Also Explored These Related Business Statistics Questions!

The 2003 Statistical Abstract of the United States reported the percentage of people 18 years of age and older who smoke. Suppose that a study designed to collect new data on smokers and nonsmokers...

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the...

We wish to estimate the difference between the mean scores on a standardized test of students taught by Instructors A and B. The scores of all students taught by Instructor A have a normal...

A simple random sample of 700 individuals provides 200 Yes responses. 3. What is the point estimate of the proportion of the population that would provide Yes responses (to 4 decimals)? b. What is...

Thanks You may need to use the appropriate appendix table or technology to answer this question. A simple random sample of 400 individuals provides 132 Yes responses. (3) What is the point estimate...

1.) The U.S. Energy Information Administration (US EIA) reported that the average price for a gallon of regular gasoline is $2.94. The US EIA updates its estimates of average gas prices on a weekly...

check the attachment to see the question. 6. [-5 Points] ASWSBE14 B.E.029.MI. ASK YOUR TEACHER PRACTICE ANOTHER Customers arrive at a movie theater at the advertised movie time only to find that they...

At 95% confidence, how large a sample should be taken to obtain a margin of error of .03 for the estimation of a population proportion? Assume that past data are not available for developing a...

34. At 95% confidence, how large a sample should be taken to obtain a margin of error of .03 for the estimation of a population proportion? Assume that past data are not available for developing a...

What happens when rhodopsin absorbs light? 1 Rhodopsin accumulates in the rods and cones ofthe retina. 2 Rhodopsin becomes inactive due to depletion ofvitamin A. 3 Retinal changes conformation from...

Riverside Ltd. has completed the payroll for January 2015, reflecting the following data: Required: 1. What amount of additional compensation expense must be paid by the company? What was the amount...

Find the derivative of V = 3 2 r 2 b . Assume that b is a constant.dVdr =

=+15. Prove the elementary inequalities ln n! ln n 2 n 1 ln t dt = n ln n n + 1 ln n! that point the way to Stirlings formula. (Hint: Using the concavity of ln t, verify the inequality ln(m 1)...

A survey of 131 investment managers in Barrons Big Money poll revealed the following: 43% of managers classified themselves as bullish or very bullish on the stock market. The average expected return...

The Bureau of Transportation Statistics Omnibus Household Survey is conducted annually and serves as an information source for the U.S. Department of Transportation. In one part of the survey the...

The Hawaii Visitors Bureau collects data on visitors to Hawaii. The following questions were among 16 asked in a questionnaire handed out to passengers during incoming airline flights. This trip to...

Please assist me with the following problem. I'm having trouble filling in the statement of financial position. Any guidance appreciated. Required Information [The following information applies to...

Osato Chemicals Inc. is considering a project that will require $650,000 in assets. The project will be financed with 100% equity. The company faces a tax rate of 35%. What will be the ROE (return on...

Juan created a direct procurement site with a long - term supplier. This is known as a ( n ) A . company buying website B . extranet link C . forward auction D . trading exchange E . reverse auction