What does brand loyalty mean to consumers? According to a recent research report,38%of consumers associate trust with brand loyalty. Complete parts (a) through (e) below. a.To conduct a follow-up study that would provide95%confidence that the point estimate is correct to within±0.04of the population proportion, how large a sample size is required? A sample size of566566consumers is required.(Round up to the nearest integer.)b.To conduct a follow-up study that would provide99%confidence that the point estimate is correct to within±0.04of the population proportion, how many people need to be sampled? A sample size of978978consumers is needed.(Round up to the nearest integer.)c.To conduct a follow-up study that would provide95%confidence that the point estimate is correct to within±0.02of the population proportion, how large a sample size is required? A sample size of22632263consumers is required.(Round up to the nearest integer.)d.To conduct a follow-up study that would provide99%confidence that the point estimate is correct to within±0.02of the population proportion, how many people need to be sampled? A sample size of39213921consumers is needed.(Round up to the nearest integer.)e.Discuss the effects of changing the desired confidence level and the acceptable sampling error on sample size requirements. Select all that apply. A.The higher the level of confidence desired, the larger is the sample size required. B.The higher the level of confidence desired, the smaller is the sample size required. C.The smaller the sampling error desired, the smaller is the sample size required. D.The higher the sampling error desired, the larger is the sample size required. E.The smaller the level of confidence desired, the larger is the sample size required. F.The smaller the sampling error desired, the larger is the sample size required. G.There are no effects on the sample size requirements.

We have given that Population proportion =p= 38%=0.38 And Margin of error in a and b part =±0.04 in…

Answered: What does brand loyalty mean to…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

Related questions

Question

What does brand loyalty mean to consumers? According to a recent research report,

38%

of consumers associate trust with brand loyalty. Complete parts (a) through (e) below.

a.	To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within ±0.04 of the population proportion, how large a sample size is required?

A sample size of

566566

consumers is required.

(Round up to the nearest integer.)

b.	To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within ±0.04 of the population proportion, how many people need to be sampled?

A sample size of

978978

consumers is needed.

(Round up to the nearest integer.)

c.	To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within ±0.02 of the population proportion, how large a sample size is required?

A sample size of

22632263

consumers is required.

(Round up to the nearest integer.)

d.	To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within ±0.02 of the population proportion, how many people need to be sampled?

A sample size of

39213921

consumers is needed.

(Round up to the nearest integer.)