3. Interval estimation - The role of sample size in confidenceintervalsSuppose you are interested in the proportion of two-bedroom homes located in a particular city that are owner occupied. You randomly select asample of two-bedroom homes from the population of two-bedroom homes in that city. The sample provides a sample proportion of 0.62. Youconstruct a 95% confidence interval for the proportion of two-bedroom homes that are owner occupied.If the number of two-bedroom homes in the sample is 100, then the confidence interval isIf the number of two-bedroom homes in the sample is 250, then the confidence interval isAs the sample size increases, the confidence intervalSuppose you would like to have a confidence interval that is about 0.028 wide. What sample size do you need to achieve that 0.028? (Note: Selectthe sample size that most closely matches the desired interval width.)250500O 5,000O 1,000

Answered: 3. Interval estimation - The role of…

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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