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 1.5 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 20% that have two or more cars. Using this new information, what sample size should you gather in order to be within 1.5 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% 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 1.5 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 20% that have two or more cars. Using this new information, what sample size should you gather in order to be within 1.5 percent of the proportion of all households in Chicago that have two or more vehicles at a 95% level of confidence.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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 1.5 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 20% that have two or more cars. Using this new information, what
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