A research group wants to estimate the proportion of consumers who plan to buy a scanner for their PC during the next 3 months.a. How many people should be sampled so that the sampling error is at most 0.04 with a 90% confidence interval?b. What is the sample size required if the confidence is increased to 95%, keeping the sampling error the same?c. What is the required sample size if the research group extends the sampling error to 0.05 and wants a 98% confidence level?
A research group wants to estimate the proportion of consumers who plan to buy a scanner for their PC during the next 3 months.a. How many people should be sampled so that the sampling error is at most 0.04 with a 90% confidence interval?b. What is the sample size required if the confidence is increased to 95%, keeping the sampling error the same?c. What is the required sample size if the research group extends the sampling error to 0.05 and wants a 98% confidence level?
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 research group wants to estimate the proportion of consumers who plan to buy a scanner for their PC during the next 3 months.
a. How many people should be sampled so that the sampling error is at most 0.04 with a 90% confidence interval?
b. What is the sample size required if the confidence is increased to 95%, keeping the sampling error the same?
c. What is the required sample size if the research group extends the sampling error to 0.05 and wants a 98% confidence level?
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