You work for a marketing firm that has a large client in the automobile industry. You have been asked to estimate the proportion of households in Chicago that have two or more vehicles. You have been assigned to gather a random sample that could be used to estimate this proportion to within a 0.025 margin of error at a 98% level of confidence. a) With no prior research, what sample size should you gather in order to obtain a 0.025 margin of error? Round your answer up to the nearest whole number. n = households b) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required. You conduct a small preliminary sample, and you obtain a sample proportion of p = 0.225 . Using this new information. what sample size should you gather in order to obtain a 0.025 margin of error? Round your answer up to the nearest whole number. n = households

You work for a marketing firm that has a large client in the automobile industry. You have been asked to estimate the proportion of households in Chicago that have two or more vehicles. You have been assigned to gather a random sample that could be used to estimate this proportion to within a 0.025 margin of error at a 98% level of confidence. a) With no prior research, what sample size should you gather in order to obtain a 0.025 margin of error? Round your answer up to the nearest whole number. n = households b) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required. You conduct a small preliminary sample, and you obtain a sample proportion of p = 0.225 . Using this new information. what sample size should you gather in order to obtain a 0.025 margin of error? Round your answer up to the nearest whole number. n = households

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 work for a marketing firm that has a large client in the automobile industry. You have been asked to estimate the proportion of households in Chicago that have two or more vehicles. You have been assigned to gather a random sample that could be used to estimate this proportion to within a 0.02 margin of error at a 90% level of confidence. a) With no prior research, what sample size should you gather in order to obtain a 0.02 margin of error? Round your answer up to the nearest whole number. n = households b) Your firm has decided that your plan is too expensive, and they wish to reduce the sample size required. You conduct a small preliminary sample, and you obtain a sample proportion of ˆp=0.22p^=0.22 . Using this new information. what sample size should you gather in order to obtain a 0.02 margin of error? Round your answer up to the nearest whole number. n = households
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webassign.net/web/Student/Assignment-Responses/submit?pos=10&dep=22704121&tags=autos A newspaper infographic titled "Social Media Jeopardizing Your Job?" summarized data from a survey of 1,825 recruiters and human resource professionals. The infographic indicated that 53% of the people surveyed had reconsidered a job candidate based on his or her social media profile. Assume that the sample is representative of the population of recruiters and human resource professionals in the United States. (a) Use the given information to estimate the proportion of recruiters and human resource professionals who have reconsidered a job candidate based on his or her social media profile using a 95% confidence interval. (Use a table or technology. Round your answers to three decimal places.) Give an interpretation of the interval in context. There is a 95% chance that the true proportion of recruiters and human resource professionals who have reconsidered a job candidate based on his or her social…
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