Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Logan Tire Shop has racing tires, Logan sampled 52 customers, and 39 was very statisfied with their tires. A. Calculate the margin of the error.
Logan Tire Shop has racing tires, Logan sampled 52 customers, and 39 was very statisfied with their tires.
A. Calculate the margin of the error.
B. Build 99% confines interval for the population proportion of the "Very staisfied" customers.
C. At the 99 confidence level what should our sample size be if logan wants the margin of error to be less than 2 percent
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