Example 8.18 There are two candidates in a presidential election: Candidate A and Candidate B. Let O be the portion of people who plan to vote for Candidate A. Our goal is to find a confidence interval for 0. Specifically, we choose a random sample (with replacement) of n voters and ask them if they plan to vote for Candidate A. Our goal is to estimate the 0 such that the margin of error is 3 percentage points. Assume a 95% confidence level. That is, we would like to choose n such that P(X - 0.03 <0 < X +0.03) 2 0.95, where X is the portion of people in our random sample that say they plan to vote for Candidate A. How large does n need to be?

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Example 8.18
There are two candidates in a presidential election: Candidate A and Candidate B. Let
O be the portion of people who plan to vote for Candidate A. Our goal is to find a
confidence interval for 0. Specifically, we choose a random sample (with replacement)
of n voters and ask them if they plan to vote for Candidate A. Our goal is to estimate
the 0 such that the margin of error is 3 percentage points. Assume a 95% confidence
level. That is, we would like to choose n such that
P(X - 0.03 <0 < X +0.03) > 0.95,
where X is the portion of people in our random sample that say they plan to vote for
Candidate A. How large does n need to be?
Transcribed Image Text:Example 8.18 There are two candidates in a presidential election: Candidate A and Candidate B. Let O be the portion of people who plan to vote for Candidate A. Our goal is to find a confidence interval for 0. Specifically, we choose a random sample (with replacement) of n voters and ask them if they plan to vote for Candidate A. Our goal is to estimate the 0 such that the margin of error is 3 percentage points. Assume a 95% confidence level. That is, we would like to choose n such that P(X - 0.03 <0 < X +0.03) > 0.95, where X is the portion of people in our random sample that say they plan to vote for Candidate A. How large does n need to be?
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