Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A marketing researcher for a phone company surveys 100 100 people and finds that the proportion of clients who are likely to switch providers when
A marketing researcher for a phone company surveys 100
100 people and finds that the proportion of clients who are likely to switch providers when their contract expires is 0.21
a) What is the standard deviation of the sampling distribution of theproportion?
b) If she wants to reduce the standard deviation byhalf, how large of a sample would sheneed?
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