Use the data in Example 20.2 to determine the size of the sample you need if you
Question:
Use the data in Example 20.2 to determine the size of the sample you need if you want a level of precision of .05.
Example 20.2
Simple Random Sampling to Determine the Proportion of College-
Bound High School Seniors. Suppose we want to determine the proportion of college-bound high school seniors in a class of 500. A survey of 30 randomly selected students reveals that 19 will be attending college. Given this information, we want to estimate the population proportion p:
To estimate our confidence interval, we need to calculate an unbiased estimate of the variance of the population proportion:
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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