Homework Help is Here – Start Your Trial Now!
Math
Statistics
You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 95% confident that the sample percentage is within 1.5 percentage points of the true population percentage. Complete parts (a) and (b) below.

You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. How many randomly selected air passengers must you survey? Assume that you want to be 95% confident that the sample percentage is within 1.5 percentage points of the true population percentage. Complete parts (a) and (b) below.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
2
**Surveying Air Passengers: Sample Size Calculation** As the operations manager for an airline, you're considering implementing a higher fare for passengers seated in aisle seats. To proceed, you need to determine the appropriate sample size of air passengers to survey to ensure statistical confidence in your results. ### Problem Statement: Determine the number of randomly selected air passengers required for a survey to be 95% confident that the sample percentage is within 1.5 percentage points of the true population percentage for those preferring aisle seats. ### Calculations: **a. No Prior Knowledge of Preferences:** - When there is no prior information about the percentage of passengers who prefer aisle seats, calculate the necessary sample size. - Required Sample Size: **n = 4269** - *(Ensure to round up to the nearest integer)* **b. Known Preference Percentage:** - If a prior survey indicates that approximately 33% of air passengers prefer aisle seats, adjust the calculation accordingly. - Required Sample Size: **n =** (calculation needed) - *(Ensure to round up to the nearest integer)* This setup allows the airline to accurately gauge aisle seat preferences, thereby making informed decisions regarding pricing strategies.
Transcribed Image Text:**Surveying Air Passengers: Sample Size Calculation** As the operations manager for an airline, you're considering implementing a higher fare for passengers seated in aisle seats. To proceed, you need to determine the appropriate sample size of air passengers to survey to ensure statistical confidence in your results. ### Problem Statement: Determine the number of randomly selected air passengers required for a survey to be 95% confident that the sample percentage is within 1.5 percentage points of the true population percentage for those preferring aisle seats. ### Calculations: **a. No Prior Knowledge of Preferences:** - When there is no prior information about the percentage of passengers who prefer aisle seats, calculate the necessary sample size. - Required Sample Size: **n = 4269** - *(Ensure to round up to the nearest integer)* **b. Known Preference Percentage:** - If a prior survey indicates that approximately 33% of air passengers prefer aisle seats, adjust the calculation accordingly. - Required Sample Size: **n =** (calculation needed) - *(Ensure to round up to the nearest integer)* This setup allows the airline to accurately gauge aisle seat preferences, thereby making informed decisions regarding pricing strategies.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS