Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2.1 A market researcher surveys 150 out of 1,200 individuals in a community, finding that 90 prefer online shopping to in-store shopping. The researcher wants
2.1 A market researcher surveys 150 out of 1,200 individuals in a community, finding that 90 prefer online shopping to in-store shopping. The researcher wants to estimate the proportion of online shoppers in the community with a 90% confidence level. 1. Calculate the sample proportion and apply the finite population correction factor to the standard error calculation. 2. Determine the 90% confidence interval for the proportion of online shoppers. 3. Evaluate how the confidence interval would change if the sample were doubled, considering the finite population correction
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started