(b) Suppose the researcher wants to estimate the mean with a margin of error of no more than $20 with 99% confidence. This could be challenging, though, because the typical American tends to give anywhere from $0 to $216. What is the minimum number of people he should survey? (Use a table or technology.)
(b) Suppose the researcher wants to estimate the mean with a margin of error of no more than $20 with 99% confidence. This could be challenging, though, because the typical American tends to give anywhere from $0 to $216. What is the minimum number of people he should survey? (Use a table or technology.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 4E
Related questions
Question
100%
![### Estimating the Mean Donation Amount for Political Causes
A researcher aims to estimate the average amount of money that a typical American donates to their favorite politicians or political causes.
#### (a) Determining the Sample Size for 99% Confidence
The researcher seeks to estimate the mean donation amount with 99% confidence. From the given options, they need to choose a sample size that would yield the smallest margin of error. The provided choices and the selection by the researcher are:
- 5
- 17
- 23
- 38 ✔
The researcher has selected a sample size of 38, which would yield the smallest margin of error with 99% confidence.
#### (b) Calculating the Minimum Sample Size for a Specific Margin of Error
Suppose the goal is to estimate the mean donation amount with a margin of error of no more than $20, maintaining a 99% confidence level. This estimation is challenging since the typical American donation amount ranges from $0 to $216. The task is to determine the minimum number of people the researcher should survey.
- The required minimum sample size (n) can be found using statistical tables or technology.
#### Additional Resources
- **Need Help?** (Button): Directs to additional guidance or resources.
- **Use SALT** (Button): Likely to be a tool for statistical analysis.
This information guides researchers and students through calculating appropriate sample sizes for accurate, confident estimations in statistical studies related to donation behaviors.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F308db737-7862-446c-973d-78bf4e1d9584%2F84a41591-edd2-409f-b5a9-17b040aa7a58%2Fgrfrqg_processed.png&w=3840&q=75)
Transcribed Image Text:### Estimating the Mean Donation Amount for Political Causes
A researcher aims to estimate the average amount of money that a typical American donates to their favorite politicians or political causes.
#### (a) Determining the Sample Size for 99% Confidence
The researcher seeks to estimate the mean donation amount with 99% confidence. From the given options, they need to choose a sample size that would yield the smallest margin of error. The provided choices and the selection by the researcher are:
- 5
- 17
- 23
- 38 ✔
The researcher has selected a sample size of 38, which would yield the smallest margin of error with 99% confidence.
#### (b) Calculating the Minimum Sample Size for a Specific Margin of Error
Suppose the goal is to estimate the mean donation amount with a margin of error of no more than $20, maintaining a 99% confidence level. This estimation is challenging since the typical American donation amount ranges from $0 to $216. The task is to determine the minimum number of people the researcher should survey.
- The required minimum sample size (n) can be found using statistical tables or technology.
#### Additional Resources
- **Need Help?** (Button): Directs to additional guidance or resources.
- **Use SALT** (Button): Likely to be a tool for statistical analysis.
This information guides researchers and students through calculating appropriate sample sizes for accurate, confident estimations in statistical studies related to donation behaviors.
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