When designing a study to determine this population proportion, what is the minimum number you would need

Question:

When designing a study to determine this population proportion, what is the minimum number you would need to survey to be 90% confident that the population proportion is estimated to within 0.05?

Marketing companies are interested in knowing the population percent of women who make the majority of household purchasing decisions.

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

Step by Step Answer:

Related Book For book-img-for-question

Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

See More Books

Question Posted: May 10, 2024 02:02 PM

See More Questions

Insurance companies are interested in knowing the population percent of drivers who always buckle up before riding in a car. a. When designing a study to determine this population proportion, what is...
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...
If it were later determined that it was important to be more than 90% confident and a new survey were commissioned, how would it affect the minimum number you need to survey? Why? Marketing companies...
A lightweight, rigid beam 10.0 m long is supported by a cable attached to a spring of force constant k = 8.25 kN/m as shown in Figure P12.38. When no load is hung on the beam (Fg = 0), the length L...
For the park discussed above, what should be the initial park population in the case where the populations decline by 11% every year?
The maximum value for the magnetic quantum number in state A is m = 2, while in state B it is m = 1. What is the ratio LA/LB of the magnitudes of the orbital angular moment of an electron in these...
In many service industries (such as hotels, restaurants, airlines and railways) time is a critical resource. For example, an unoccupied room or seat can never be resold. How do you think that this...
According to Salary Wizard, the average base salary for a brand manager in Houston, Texas, is $88,592 and the average base salary for a brand manager in Los Angeles, California, is $97,417 (Salary...
.. Draw a line that divides the area of the figure in half. Note that you are given no measurement of he figure. Justify your answer. Assume that angles that look like right angles are right angles.
Identify the following: a. x = ______ b. n = ______ c. p = ______ Suppose the marketing company did do a survey. They randomly surveyed 200 households and found that in 120 of them, the woman made...
Using the same X , s x , and n = 39, how would the error bound change if the confidence level were reduced to 90%? Why? The data in Table 8.2 are the result of a random survey of 39 national flags...
Two 2.0-cm-diameter insulating spheres have a 6.0 cm space between them. One sphere is charged to +10 nC, the other to -15 nC. What is the electric field strength at the midpoint between the two...
1. Engineering economics plays a crucial role in the manufacturing industry, where it focuses on the financial aspects of engineering projects. (a) How can the application of simple and compound...
Consider the function f(x)=x-6x +36x. Use the first derivative test to find the interval(s) where the function is INCREASING.
BMW Inc. adds materials at the start of the process. The following information is available for the month of December 2012: Work-in-process, 12/1/2012 (35% completed as to conversion cost) 700 Units...
Find the derivative of f(x). f(x) = X 3 2 Write your answer as a constant times a power of x. f'(x) =
Over the past decade, technology has evolved so rapidly that it's hard to remember what life was like before the Internet. We have been introduced to smartphones, tablets, wearable technology since...
What motivational problems might result from an organizations attempt to set up work teams?
What services are provided by the provincial and territorial governments?
Oxford Company has limited funds available for investment and must ration the funds among four competing projects. Selected information on the four projects follows: Life of Investment Present Value...
a. Assuming that the desired rate of return is 15%, determine the net present value for the proposal. Use the table of the present value of $1 presented above. If required, round to the nearest...
Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 108,000 units per year is: Direct materials Direct...

When designing a study to determine this population proportion, what is the minimum number you would need

Question:

Step by Step Answer:

To determine the minimum number you would need to survey to estimate the population proportion with ...View the full answer

Introductory Business Statistics

Students also viewed these Business questions