Answered: You want to obtain a sample to estimate…

Name: You want to obtain a sample to estimate a population proportion. Base
Uploaded: 2024-03-20T07:07:00.000Z
Channel: Bartleby
Description: You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately p∗=12%. You would like to be 99% confident that your estimate is within 0.2% of the true population

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

Related questions

Concept explainers

Topic Video

Question

You want to obtain a sample to estimate a population proportion. Based on previous evidence, you believe the population proportion is approximately p∗=12%. You would like to be 99% confident that your estimate is within 0.2% of the true population proportion.

¿How large of sample size is required if you use the previous evidence for the population proportion?
n =

¿How large of sample size is required if you do not use the previous evidence for the population proportion?

Expert Solution

Step 1

Step 2

Computing the sample size:

Thus, it is given that the confidence level is 99%. Therefore, the significance level, α = 0.01.

Step by step

Solved in 3 steps with 3 images

Knowledge Booster

$Hypothesis Tests and Confidence Intervals for Proportions$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions