Determining Sample Size . In Exercises 31–38, use the given data to find the minimum sample size required to estimate a population proportion or percentage. 37. Video Games An investor is considering funding of a new video game. She wants to know the worldwide percentage of people who play video games, so a survey is being planned. How many people must be surveyed in order to be 90% confident that the estimated percentage is within three percentage points of the true population percentage? a. Assume that nothing is known about the worldwide percentage of people who play video games. b. Assume that about 16% of people play video games (based on a report by Spil Games). c. Given that the required sample size is relatively small, could you simply survey the people that you know?
Determining Sample Size . In Exercises 31–38, use the given data to find the minimum sample size required to estimate a population proportion or percentage. 37. Video Games An investor is considering funding of a new video game. She wants to know the worldwide percentage of people who play video games, so a survey is being planned. How many people must be surveyed in order to be 90% confident that the estimated percentage is within three percentage points of the true population percentage? a. Assume that nothing is known about the worldwide percentage of people who play video games. b. Assume that about 16% of people play video games (based on a report by Spil Games). c. Given that the required sample size is relatively small, could you simply survey the people that you know?
Solution Summary: The author explains that the confidence level is 90% and E=0.03. If the estimated proportion are not known, the equal proportion is takes for the stackrelp
Determining Sample Size. In Exercises 31–38, use the given data to find the minimum sample size required to estimate a population proportion or percentage.
37. Video Games An investor is considering funding of a new video game. She wants to know the worldwide percentage of people who play video games, so a survey is being planned. How many people must be surveyed in order to be 90% confident that the estimated percentage is within three percentage points of the true population percentage?
a. Assume that nothing is known about the worldwide percentage of people who play video games.
b. Assume that about 16% of people play video games (based on a report by Spil Games).
c. Given that the required sample size is relatively small, could you simply survey the people that you know?
Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.
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