A research firm has been asked to determine the proportion of all restaurants in the province of
Question:
A research firm has been asked to determine the proportion of all restaurants in the province of Nova Scotia that serve alcoholic beverages. The firm wants to be 98% confident of its results but has no idea of what the actual proportion is. The firm would like to report an error of no more than 0.05. How large a sample should it take?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
Question Posted: