Question: Using the formulas provided in your text, determine the approximate sample sizes for each of the following cases, all with precision (allowable error) of 5%:

Using the formulas provided in your text, determine the approximate sample sizes for each of the following cases, all with precision (allowable error) of ±5%:
a. Variability of 30%, confidence level of 95%
b. Variability of 60%, confidence level of 99%
c. Unknown variability, confidence level of 95%

Step by Step Solution

3.37 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The calculations are found under each case In e... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

501-B-M-M-P (721).docx

120 KBs Word File

Students Have Also Explored These Related Marketing Questions!