Question: A person would like to create a 98% confidence interval for a particular unknown population proportion. They would like the interval to be accurate

A person would like to create a 98% confidence interval for a particular unknown population proportion. They would like the interval to be accurate to within 5.0% and they believe a good estimate at the unknown population proportion is 0.25. How large of sample should they use in when creating this confidence interval? hint 1: your answer will reflect how many individuals will need to be included in the study so it should be in integer value. hint 2: on problems such as these, not using enough decimals of accuracy in all values can alter your answer. Be sure to use at least 5 decimals of accuracy in all values, including the Z-score.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer Margin ok error ... 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

Students Have Also Explored These Related Accounting Questions!

When a person would like to purchase a product online, where does customer service begin and continue through the purchase?

For a science fair demonstration you would like to create a diffraction pattern similar to that shown in Figure 28-44. If you plan to shine a laser pointer ( = 652 nm) through a pair of slits that...

A person would like to create a 99% confidence interval for a particular unknown population proportion. They would like the interval to have a width no wider than 0.10 and do not yet have an estimate...

There are approximately 109 million television households in the United States. A ratings service would like to know, within 5 percentage points and with 95% confidence, the percentage of these...

table summarizing service times (seconds) of dinners at a fast food restaurant. How many individuals are included in the summary? Is it possible to identify the exact values of all of the original...

I want a case study on Hasen Restaurant to include summary, 3 long and 5 short term issues, SWOT analysis, PORTERS FIVE analysis, 3 short and 2 long term alternatives, implementation, monitor and...

a. What are investment returns? What is the return on an investment that costs $1,000 and is sold after 1 year for $1,060? b. Graph the probability distribution for the bond returns based on the 5...

Assume that you recently graduated and landed a job as a financial planner with Cicero Services, an investment advisory company. Your first client recently inherited some assets and has asked you to...

Import Transaction Details: S & S Co. imported 3200 pairs of Cross-Country Skis into Canada. The Skis were packaged into 3200 boxes (1 pair of Skis per box; box #1 to box #3200). Each Ski is valued...

How was the molecule C60 first discovered? Describe the experiment in some detail.

Your company can invest in either, or both of two investments: Hitam Berhad shares and Putih Berhad shares. The expected returns on each of these two investments vary depending on economic...

perspective on retaining employees after the initial hiring and training process

A passenger car weighs 20.02 kN and has a wheelbase of 2.79 m. The center of gravity is 1.27 m behind the front axle. If a pair of radial-ply tires with cornering stiffness of 45.88 kN/rad, are...

Consider the following newspaper extract: Derby and Nottingham have played 2000200 football matches against each other in total, each game either at Derby or at Nottingham, and either in sunny or...

In your own words, describe the four social responsibility models and the roles of each. Share one example of a company displaying the complete social responsibility spectrum successfully. Why do you...

You have decided to open a new nightclub in a university town and have decided to hire part-time employees as security staff for the dance hours of 7 p.m. 1 a.m. Write a set of notes regarding the...

Roger, a delivery driver with Golden Bakery, is driving a company van across town when he hits a pedestrian who stepped from the curb in order to cross the street. Describe how Golden Bakery might...

Paralegals draft letters more frequently than any other type of written work. Question 6 options: True False

Milestone 2 Assignment Section One In today's world, diversity, equity, and inclusion (DEI) in the workplace have become crucial for companies to flourish. DEI promotes a fair and just workplace and...

Based on the answers from this interview do an essay IMPORTANT: At a minimum, include three distinct pieces of information from the course (Book: Human Development) for each topic on aging. This...

My Smart Goals: Professional and Personal My long term personnel goal and mission in career is to create and own a successful franchise in Vietnamese foods restaurant similar to Chipotle. I see my...

Please read the persuasion transcript below.Please answer the following questions based on the transcript: 1) What are the two moments of power described in the video? Please discuss how you plan to...

so here is my paper in general. Smarter Measure Nothing surprised me in my results because the questions were straightforward and the results were based on that. My reading competency is 30%,...