Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, Here is a link to the data needed to answer the problems. https://docs.google.com/spreadsheets/d/108yY3-3arMBmnWDIfZFWLKPJxK3p11Ya/edit#gid=21585450 IF D Part III [4 marks] a] [2 marks] Suppose you

Hi,

Here is a link to the data needed to answer the problems.

https://docs.google.com/spreadsheets/d/108yY3-3arMBmnWDIfZFWLKPJxK3p11Ya/edit#gid=21585450

image text in transcribed
IF D Part III [4 marks] a] [2 marks] Suppose you want to estimate the average living area of the real estate properties in the region. If you want to obtain a 95% condence interval with a margin of error of i: 50 square feet, what sample size would you recommend? Assume for this exercise that the population standard deviation is 641 square Feet. h] [2 marks] Assume that you now would like to know what proportion of the real estate properties in the region are ideal for a family of tour. This population proportion is not known. To estimate this population proportion with a margin of error of :I: {1.112, what sample size would you recommend? Consider a 90% condence level

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Marketing Research

Authors: Naresh K. Malhotra

1st Global Edition

1292060166, 9781292060163

Students also viewed these Mathematics questions