Fill in the blanks: Suppose that you live near a McDonald's restaurant and you want to...
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Fill in the blanks: Suppose that you live near a McDonald's restaurant and you want to estimate the proportion of all people in your neighborhood who go to McDonald's on a typical day. a. If you had no preliminary estimate, how many people should you include in a random sample to be 95% sure that the point estimate will be a distance of .05 fromn p? b. Answer part a if you use the preliminary estimate that nationally about 3 in 20 Americans goes to McDonald's every day. Fill in the blanks: Suppose that you live near a McDonald's restaurant and you want to estimate the proportion of all people in your neighborhood who go to McDonald's on a typical day. a. If you had no preliminary estimate, how many people should you include in a random sample to be 95% sure that the point estimate will be a distance of .05 fromn p? b. Answer part a if you use the preliminary estimate that nationally about 3 in 20 Americans goes to McDonald's every day.
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Related Book For
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Posted Date:
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