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Name: In discussing the sample size required for obtaining a confidence inte
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Description: In discussing the sample size required for obtaining a confidence interval with a prescribed confidence level and margin of error, we made the following statement: “If we have in mind a likely range for the observed value of p, then, in light of Fig,

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In discussing the sample size required for obtaining a confidence interval with a prescribed confidence level and margin of error, we made the following statement: “If we have in mind a likely range for the observed value of p, then, in light of Fig, we should take as our educated guess for p the value in the range closest to 0.5.” Explain why.

OUTPUT Histogram of ˆp for 2000 samples of size 1010 with superimposed normal curve

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