Find the minimum sample size? needed

Assignment Help Basic Statistics
Reference no: EM131703019

A researcher wishes to? estimate, with 9595?% ?confidence, the population proportion of adults who are confident with their? country's banking system. His estimate must be accurate within 22?% of the population proportion.

?(a) No preliminary estimate is available. Find the minimum sample size needed.

?(b) Find the minimum sample size? needed, using a prior study that found that 2626?% of the respondents said they are confident with their? country's banking system.

?(c) Compare the results from parts ?(a) and ?(b).

(a) What is the minimum sample size needed assuming that no prior information is? available? nequals=nothing ?(Round up to the nearest whole number as? needed.)

?(?b) What is the minimum sample size needed using a prior study that found that 2626?% of the respondents said they are confident with their? country's banking? system? nequals=nothing ?(Round up to the nearest whole number as? needed.)

Reference no: EM131703019

Questions Cloud

What are the risks involved in outsourcing the activities : What value-creation activities should a company outsource to independent suppliers? What are the risks involved in outsourcing these activities?
Discuss well-implemented retention strategies : Well-implemented retention strategies will have long-term success even if there is no solid base of service quality and customer satisfaction to build on
Corresponding to a sample size : Find the critical value ? 2 R corresponding to a sample size of 4 and a confidence level of 90.0 percent.
Why are companies buying more parts from outside suppliers : Why was it profitable for GM and Ford to integrate backward into component-parts manufacturing in the past, and why are both companies now buying more.
Find the minimum sample size? needed : Find the minimum sample size? needed, using a prior study that found that 2626?% of the respondents said they are confident with their? country's banking system
Discuss customers can develop social relationships : With relationship marketing, customers can develop social relationships with their service providers, which makes it less likely that they will switch
A decision tree can be used to determine : A Decision Tree can be used to determine. Risk is.
Explain the status of the contract between greg and campbell : Explain the status of the contract between Greg and Campbell. If a contract was formed, did the additional term in the acceptance become part of the contract?
Well-educated and capable manager in your organization : BOB is a well-educated, capable manager in your organization. You often work together on projects. On more than one occasion,

Reviews

Write a Review

Basic Statistics Questions & Answers

  Find the probability that it was downstream from its burrow

If the animal is observed to be 30 meters upstream from its burrow after an hour, find the probability that it was downstream from its burrow after 20 minutes.

  A determine the sample size required to estimate a

a. determine the sample size required to estimate a population proportion to within 0.032 with 97.8 confidence

  The probability that a parent rewards a child with a

the probability that a parent rewards a child with a dessert for eating a healthy meal is .07. assuming independent

  What is the probability that a person selected at random

How many different combinations of a 3-member debating team can be formed from a group of 16 qualified students?

  Determining normally distributed with average speed

Speed of cars travelling on I-85 in Gaston County is normally distributed with average speed (µ) of 66 MPH and standard deviation (σ) of 8 MPH.

  Construct a time series plot of the data

A manufacturer of coil springs is interested in implementing a quality control system to monitor his production process. Construct a time series plot of the data

  What is the random variable

You are testing that the mean speed of your cable Internet connection is more than three Megabits per second. What is the random variable?

  Instant versus fresh-brewed coffee

A matched pairs experiment compares the taste of instant versus fresh-brewed coffee. Each subject  tastes two unmarked cups of coffee, one of each type, in random order and states which he or she prefers.

  What is the probability that the sample mean

What is the probability that the sample mean would differ from the true mean by less than 1.1 dollars if a sample of 385-gallon pails is randomly selected?

  Find the z score for raw score of sample mean

Find the z score for a raw score of 550 given the following information: 554 sample mean, 30 sample standard deviation.

  Test statistics-directional research hypothesis

An entrepreneur owns two hotels, one in the western region of a certain state and the other in the eastern region. He thinks that the average amount spent by guests for lunch at his Friendly Café-West is less than $34.50

  Confidence interval for the population proportion of bulbs

the margin of error for a 95% confidence interval and then construct to the 95% confidence interval for the population proportion. Construct a 95% confidence interval for the population proportion p of all Twinkle bulbs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd