Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An wine association wants to determine the proportion of west coast consumers who would spend at least $30 on Valley Wine pinot noir at a
An wine association wants to determine the proportion of west coast consumers who would spend at least $30 on Valley Wine pinot noir at a 99% confidence level. If they wish to have an error of no more than 5%, how large a sample must they take? Based on surveys of cruise passengers that have visited the wineries, the association estimates that the proportion is around 0.15. what sample size is needed?
| An wine association wants to determine the proportion of west coast consumers who would spend at least $30 on Valley Wine pinot noir at a 99% confidence level. |
| If they wish to have an error of no more than 5%, how large a sample must they take? Based on surveys of cruise passengers that have visited the wineries, the association estimates that the proportion is around 0.15. |
| what sample size is needed? |
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
Elementary Number Theory
Authors: Charles Vanden Eynden
2nd Edition
1478639113, 9781478639114
