A marketing researcher for a phone company surveys 70 people and finds that the proportion of customers who are likely to switch providers when their contract expires is 15%. a) What is the standard deviation of the sampling distribution of the proportion?b) If she wants to reduce the standard deviation by half, how large a sample size would she need?
A marketing researcher for a phone company surveys 70 people and finds that the proportion of customers who are likely to switch providers when their contract expires is 15%. a) What is the standard deviation of the sampling distribution of the proportion?b) If she wants to reduce the standard deviation by half, how large a sample size would she need?
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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A marketing researcher for a phone company surveys 70 people and finds that the proportion of customers who are likely to switch providers when their contract expires is 15%.
a) What is the standard deviation of the sampling distribution of the proportion?
b) If she wants to reduce the standard deviation by half, how large a
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