Solution-Estimate the true proportion with a margin

Estimate the true proportion with a margin

Assignment Help Basic Statistics

Reference no: EM131042577

A study is to be conducted on the proportion of U.S. citizens who believe the minimum wage should be raised. What is the minimum number of people that should be included in the study if we want to estimate the true proportion with a margin of error of 0.03 and a 95% level of confidence?

Reference no: EM131042577

Questions Cloud

What is algebraic proof and optimal plan : A real estate agent is considering changing her cell phone plan. There are 3 plans to choose from all which have a monthly service fee of $20. Plan A has a rate of $.45 cents for daytime min and $.20 for evening. Plan B $.55 day and $.15 evening. Pla..

Break-even point when financing in a foreign currency : a. Explain how a firm's degree of risk aversion enters into its decision of whether to finance in a foreign currency or a local currency.

Dealing with change during its business transformation : Why did Vodafone have to spend so much time dealing with change during its business transformation? List each of the eras in IT infrastructure evolution, and describe its distinguishing characteristics.

What benefits do businesses gain by offering wireless : What benefits do businesses gain by offering wireless Internet access?

Estimate the true proportion with a margin : A study is to be conducted on the proportion of U.S. citizens who believe the minimum wage should be raised. What is the minimum number of people that should be included in the study if we want to estimate the true proportion with a margin of erro..

Creative resource management : Briefing Paper 2: Law Case with Answers Instructions: Read Creative Resource Management, Inc. v. Soskin – Cheeseman text page 324 Brief the facts of the case and assume your boss is seeking your opinions the effects of Mr. Soskin's signature and what..

Confidence interval on the true proportion opposed : In a poll of n = 200 randomly selected individuals, 60 people said they are opposed to the death penalty for persons convicted of murder. Determine the margin of error for a 95% confidence interval on the true proportion opposed to the death pena..

Competition-the probability of very competitive bids : A marketing firm is trying to win a major contract from a large retail company and is concerned with four major threats: (1) Competition: the probability of very competitive bids is high at .6, and the potential impact would be substantial at a value..

Financing with a portfolio raleigh corp : Financing with a Portfolio Raleigh Corp. needs to borrow funds for 1 year to finance an expenditure in the United States. The following interest rates are available:

User Account

All Pages

Estimate the true proportion with a margin

Reference no: EM131042577

Reference no: EM131042577

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT