Assume we like to estimate the unemployment rate in a city with 95%-confidence level, by taking a random sample whose unemployment rate to be within 0.01 of the unemployment rate in the city. What's the minimum sample size to be taken to satisfy the given requirements? Select one: 10000 1000 40000 5000 35000

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Assume we like to estimate the unemployment rate
in a city with 95%-confidence level, by taking a
random sample whose unemployment rate to be
within 0.01 of the unemployment rate in the city.
What's the minimum sample size to be taken to
satisfy the given requirements?
Select one:
10000
1000
40000
5000
35000
Transcribed Image Text:Assume we like to estimate the unemployment rate in a city with 95%-confidence level, by taking a random sample whose unemployment rate to be within 0.01 of the unemployment rate in the city. What's the minimum sample size to be taken to satisfy the given requirements? Select one: 10000 1000 40000 5000 35000
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