work for a marketing firm that has a large client in the automobile industry. You have been asked to timate the proportion of households in Chicago that have two or more vehicles. You have been assigned gather a random sample that could be used to estimate this proportion to within a 0.03 margin of error a 99% level of confidence. With no prior research, what sample size should you gather in order to obtain a 0.03 margin of error? ound your answer up to the nearest whole number. households ) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required. ou conduct a small preliminary sample, and you obtain a sample proportion of p=0.21. Using this new nformation. what sample size should you gather in order to obtain a 0.03 margin of error? Round your answer up to the nearest whole number. 7= households
work for a marketing firm that has a large client in the automobile industry. You have been asked to timate the proportion of households in Chicago that have two or more vehicles. You have been assigned gather a random sample that could be used to estimate this proportion to within a 0.03 margin of error a 99% level of confidence. With no prior research, what sample size should you gather in order to obtain a 0.03 margin of error? ound your answer up to the nearest whole number. households ) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required. ou conduct a small preliminary sample, and you obtain a sample proportion of p=0.21. Using this new nformation. what sample size should you gather in order to obtain a 0.03 margin of error? Round your answer up to the nearest whole number. 7= households
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![You work for a marketing firm that has a large client in the automobile industry. You have been asked to
estimate the proportion of households in Chicago that have two or more vehicles. You have been assigned
to gather a random sample that could be used to estimate this proportion to within a 0.03 margin of error
at a 99% level of confidence.
a) With no prior research, what sample size should you gather in order to obtain a 0.03 margin of error?
Round your answer up to the nearest whole number.
n =
households
b) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required.
You conduct a small preliminary sample, and you obtain a sample proportion of p= 0.21 . Using this new
information. what sample size should you gather in order to obtain a 0.03 margin of error? Round your
answer up to the nearest whole number.
n =
households](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17b5bfcb-d967-47d3-82f9-c60ea7a5eb2d%2F4ad21083-4c41-43c3-aaa3-c33ba263b2df%2Ftrbbb1_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You work for a marketing firm that has a large client in the automobile industry. You have been asked to
estimate the proportion of households in Chicago that have two or more vehicles. You have been assigned
to gather a random sample that could be used to estimate this proportion to within a 0.03 margin of error
at a 99% level of confidence.
a) With no prior research, what sample size should you gather in order to obtain a 0.03 margin of error?
Round your answer up to the nearest whole number.
n =
households
b) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required.
You conduct a small preliminary sample, and you obtain a sample proportion of p= 0.21 . Using this new
information. what sample size should you gather in order to obtain a 0.03 margin of error? Round your
answer up to the nearest whole number.
n =
households
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