To prepare a report on the economy, analysts need to estimate the percentage of businesses that plan
Question:
(a) How many randomly selected employers must you contact in order to guarantee a margin of error of no more than 4%?
(b) If analysts believe that at most 20% of firms are likely to be hiring, how many must they survey to obtain a margin of error 0.04?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
Question Posted: