An economist needs to estimate the proportion of residents of Sebastian that have earned a college degree. Determine the most conservative estimate of the sample size required to limit the margin of error to within 0.025 of the population proportion for a 96% confidence interval. Round the solution up to the nearest whole number. n=

An economist needs to estimate the proportion of residents of Sebastian that have earned a college degree. Determine the most conservative estimate of the sample size required to limit the margin of error to within 0.025 of the population proportion for a 96% confidence interval. Round the solution up to the nearest whole number. n=

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.5: Comparing Sets Of Data

Problem 1GP

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An economist needs to estimate the proportion of residents of Sebastian that have earned a college degree. Determine the most conservative estimate of the sample size required to limit the margin of error to within 0.025 of the population proportion for a 96% confidence interval.
Round the solution up to the nearest whole number.
n=

Definition Definition Number of subjects or observations included in a study. A large sample size typically provides more reliable results and better representation of the population. As sample size and width of confidence interval are inversely related, if the sample size is increased, the width of the confidence interval decreases.

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