Question
In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60
In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days.
a) How many randomly selected employers must we contact in order to create an estimate in which we are 98% confident with a margin of error of
9%?
b) Suppose we want to reduce the margin of error to 3%. What sample size will suffice?
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Convex Optimization
Authors: Stephen Boyd, Lieven Vandenberghe
1st Edition
1107299527, 9781107299528
