A random sample will be selected from the population of all adult residents of a particular city. The sample proportion ˆ p will be used to estimate p, the proportion of all adult residents who are employed full time. For which of the following situations will the estimate tend to be closest to the actual value of p?
i. n = 500, p = 0.6
ii. n = 450, p = 0.7
iii. n = 400, p = 0.8