In discussing the sample size required for obtaining a confidence interval with a prescribed confidence level and
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In discussing the sample size required for obtaining a confidence interval with a prescribed confidence level and margin of error, we made the following statement: "If we have in mind a likely range for the observed value of p̂, then, in light of Fig. 12.1, we should take as our educated guess for p̂ the value in the range closest to 0.5." Explain why.
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The sample size is directly proportional to the quantity p1 p which takes on its m...View the full answer
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