A local hotel wants to estimate the proportion of its guests that are from out-of-state. preliminary estimates are that 45%
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Question:
A local hotel wants to estimate the proportion of its guests that are from out-of-state. preliminary estimates are that 45% of the hotel guests are from out-of-state. How large a sample should be taken to estimate the proportion of out-of-guest with a margin of error no larger than 5% and with a 95% level of confidence?
Expert Answer:
Related Book For 
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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Posted Date: November 25, 2019 11:10:29