Sample size for an interval estimate of a population proportion Suppose academic researchers are conducting a study to estimate the proportion of firms with a chief marketing officer in their top management teams. The project manager desires a 0.10 margin of error at 90% confidence. The planning value for p is p* = 0.4.   Use the following Distributions tool to help you answer the question that follows.   To satisfy the desired margin of error, a sample size no smaller than    is needed.

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. Sample size for an interval estimate of a population proportion

Suppose academic researchers are conducting a study to estimate the proportion of firms with a chief marketing officer in their top management teams. The project manager desires a 0.10 margin of error at 90% confidence. The planning value for p is p* = 0.4.

 

Use the following Distributions tool to help you answer the question that follows.

 

To satisfy the desired margin of error, a sample size no smaller than    is needed.

 

 

Expert Solution
Step 1

Given,margin of error(E)=0.1sample proportion(p^)=0.4

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