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 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence.     b) You conduct a small preliminary sample, and you obtain a sample proportion of 19.5% that have two or more cars. Using this new information, what sample size should you gather in order to be within 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Topic Video
Question

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 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence.    

b) You conduct a small preliminary sample, and you obtain a sample proportion of 19.5% that have two or more cars. Using this new information, what sample size should you gather in order to be within 2 percent of the proportion of all households in Chicago that have two or more vehicles at a 90% level of confidence.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Data Collection, Sampling Methods, and Bias
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON