Question: Esther (the same Esther from Exercises 6.6 and 6.7) feels that it would only be worthwhile to do her survey if she can be 95%
Esther (the same Esther from Exercises 6.6 and 6.7) feels that it would only be worthwhile to do her survey if she can be 95% certain of estimating the rate to within 15% of its true value. She anticipates that the true overall rate will be about 12%. Based on her funding level indicated in Exercise 6.7, does she have enough funds to meet her specifications?
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