There are many reasons adults use credit cards. A recent survey found that 66% of adults used credit cards for convenience. If you are going to conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within + 0.03 of the population proportion, how many people need to be sampled?

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 3E
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There are many reasons adults use credit cards. A recent survey found that 66% of adults used
credit cards for convenience. If you are going to conduct a follow-up study that would provide 99% confidence that
the point estimate is correct to within + 0.03 of the population proportion, how many people need to be sampled?
Transcribed Image Text:There are many reasons adults use credit cards. A recent survey found that 66% of adults used credit cards for convenience. If you are going to conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within + 0.03 of the population proportion, how many people need to be sampled?
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