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.
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...
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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 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
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