An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample

Question:

An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample should be obtained if he wishes the estimate to be within 0.02 with 90% conﬁdence if

(a) he uses a 2010 estimate of 0.669 obtained from the U.S Census Bureau?

(b) he does not use any prior estimates?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Statistics

ISBN: 9780321844606

4th Edition

Authors: Michael Sullivan III

See More Books

Question Posted: Apr 28, 2015 12:22 AM

See More Questions

An airline analyst wishes to estimate the proportion of all American adults who are afraid to fly because of potential terrorist attacks. To estimate this percentage, the analyst decides to survey...
A national safety council wishes to estimate the proportion of automobile accidents that involve pedestrians. How large a sample of accident records must be examined to be 98% certain that the...
An investigator wishes to estimate the proportion of students at a certain university who have violated the honor code. Having obtained a random sample of n students, she realizes that asking each,...
1). Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to...
JSON is widely used in the context of NoSQL databases. What is its primary role?
To gain a deeper understanding of morality and ethics
Life tests of cutting tools. Refer to the data on life tests of cutting tools, Exercise 11.52 (p. 636). a. Use a 90% confidence interval to estimate the mean useful life of a brand-A cutting tool...
Baldacci Inc. has a casting machine that is used for three of the companys products. Each machine setup costs $ 20,445, and the machine was set up in June for six different production runs. The...
CengageNOWW2 Online teaching and learning resource from Cengage Learning 0 Chege Study Order Confirmation | Chegg.com eBook Printem Wage and Tax Statement Data on Employer FICA Tax Ehrlich Co. began...
Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data for the company are available:...
A researcher wishes to estimate the proportion of households that have broadband Internet access. What size sample should be obtained if she wishes the estimate to be within 0.03 with 99% condence if...
A researcher for the U.S. Department of theTreasury wishes to estimate the percentage of Americans who support abolishing the penny. What size sample should be obtained if he wishes the estimate to...
Describe some alternative revenue models for the website of a magazine publisher.
Companies that engage international business do so in pursuit of a broad range of goals. Nonetheless, the text identifies key drivers, noting that the typical company expands operations...
How do lifestyle changes, such as urbanization or an aging population, affect consumer needs and preferences in our industry?
Verify that the following general thermodynamic property relationships are valid for the specific case of an ideal gas: (a) T = au (b) P = -9) av
Performance management systems that do not make true contribution to the organizational goals are not true performance management systems. List and describe at least five contributions a good...
How do cognitive biases, such as confirmation bias and anchoring, influence strategic decision-making processes at the executive level, and what measures can be implemented to mitigate their impact ?
Figure P17.23 shows an improved version of the DTL circuit. One offset diode is replaced by transistor $Q_{1}$, providing increased current drive to $Q_{o}$. Assume $\beta=20$ for both...
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
In a steady flow process, the conditions in control volume remain unchanged with time. State True (T) or False (F)
Problems 143152 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Find...
Problems 107116 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam. Find...
Problems 143152 are based on material learned earlier in the course. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for the final exam....
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 0 2 0 2 1 $ 6 4...
The adjusted trial balance for Tybalt Construction on December 3 1 of the current year follows. TYBALT CONSTRUCTION Adjusted Trial Balance December 3 1 Number Account Title Debit Credit 1 0 1 Cash $...
( US$ millions ) 1 2 / 3 1 / 2 0 1 4 1 2 / 3 1 / 2 0 1 3 1 2 / 3 1 / 2 0 1 2 1 2 / 3 1 / 2 0 1 1 Net income $ 1 4 , 4 3 1 $ 1 2 , 8 5 5 $ 1 0 , 7 7 3 $ 9 , 7 7 2 Depreciation 3 , 5 4 4 2 , 7 0 9 1 ,...

An urban economist wishes to estimate the proportion of Americans who own their homes. What size sample

Question:

Step by Step Answer:

For 90 confidence z a2 z 05 1645 a Using p 0669 149805 wh...View the full answer

Fundamentals Of Statistics

Students also viewed these Statistics questions