You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe

Fantastic news! We've Found the answer you've been seeking!

Question:

You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately p=89%=89%. You would like to be 99% confident that your esimate is within 5% of the true population proportion. How large of a sample size is required?

Posted Date: May 18, 2024 10:13 PM

See More Questions

What is path dependence? Explain the concept using your own words and provide an example of path dependence (other than what we have already mentioned in class). List the 4 categories of innovation,...
M. Grandet has invested 60 percent of his money in share A and the remainder in share B. He assesses their prospects as follows: a. What are the expected return and standard deviation of returns on...
The Thornton Company has found that its ordering cost of a raw material is $\$ 20$ and the carrying cost is $\$ 1$ per average unit of inventory per year. The company uses 10,000 units of raw...
What is the value of the golden ratio to the nearest thousandth?
Faucet Industries Inc. manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 60 employees. Each employee presently provides 36 hours of labor per...
Mr. Dow bought 100 shares of stock at $17 per share. Three years later, he sold the stock for $23 per share. What is his annual rate of return? UseAppendix Bfor an approximate answer, but calculate...
Jimmy is preparing a document that lists all the ledger accounts along with their ending balances. What is this document known as?
For Starbucks to outperform its rivals, it must have unique strengths, or distinctive competencies. How the four generic building blocks (efficiency, quality, innovation, and responsiveness to...
XYZ, Inc. is expected to pay a dividend of $1.81. The dividends are expected to grow at 8.75% each year forever. The required rate of return on the stock is 23.27%. What is today's price of the stock?
You work as a quarantine officer at Nadi International airport. You are serving a local multicultural population comprising many thousands of people. One of your key tasks is to ensure and protect...
Hayeraft Inc. manufactures fitted bed sheets. For March 2020, it budgeted to purchase and use 12 bolts of cloth, each 300 yards. Each bolt of cloth cost $1,500. Actual purchases and usage for March...
You expect to need $80,000 per year for your retirement and you expect your retirement to last 40 years.If you can earn 3% on your investments (during retirement), how much will you need to have...
Use technology to construct the confidence intervals for the population variance sigmasquared and the population standard deviation sigma. Assume the sample is taken from a normally distributed...
Review Exhibit 11.4. Analyze each product on the graph according to the characteristics that influence the rate of adoption. For example, what can you conclude from the data about the relative...
What is gross profit or gross margin on sales? How is the gross profit ratio computed? In your explanation, assume that net sales revenue is $100,000 and cost of sales is $60,000.
Which basic accounting concept is satisfied by using the allowance method of accounting for bad debts?
What is the effect of the write-off of bad debts (using the allowance method) on (a) net earnings and (b) net accounts receivable?

You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe

Question:

Expert Answer:

Students also viewed these mathematics questions