Online use: 1 = uses online banking; 0= does not use online banking. ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64 years; 7 = 65 years and older. CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000- $49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more. A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:

College Algebra
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ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.6: Counting Principles
Problem 21E: License Plate Numbers In the state of Pennsylvania, each standard automobile license plate number...
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Online use: 1 = uses online banking; 0= does not use online banking.
ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64
years; 7 = 65 years and older.
CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000-
$49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more.
Transcribed Image Text:Online use: 1 = uses online banking; 0= does not use online banking. ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64 years; 7 = 65 years and older. CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000- $49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more.
A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a
sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy
and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:
Transcribed Image Text:A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:
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