You have been asked to estimate the proportion of households in Chicago that have two or more vehicles.   a) How many households would you need to sample to be within 4 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence.     b) You conduct a small preliminary sample, and you obtain a sample pr

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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You have been asked to estimate the proportion of households in Chicago that have two or more vehicles.  

a) How many households would you need to sample to be within 4 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence.    

b) You conduct a small preliminary sample, and you obtain a sample proportion of 23% that have two or more cars. Using this new information, what sample size should you gather in order to be within 4 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence.

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