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According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 96 beat estimates,
According to Thomson Financial, last year the majority of companies reporting profits had beaten estimates. A sample of 162 companies showed that 96 beat estimates, 29 matched estimates, and 37 fell short.
(a) | What is the point estimate of the proportion that fell short of estimates? If required, round your answer to four decimal places. |
pshort = | |
(b) | Determine the margin of error and provide a 95% confidence interval for the proportion that beat estimates. If required, round your answer to four decimal places. |
ME = | |
(c) | How large a sample is needed if the desired margin of error is 0.05? If required, round your answer to the next integer. |
n* = |
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