Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Market research team members design a study aimed at estimating the proportion of customers who will accept the service agreement changes. 1. At the

Market research team members design a study aimed at estimating the proportion of customers who will accept the service agreement changes. 1. At the confidence level (= C 0.90), determine the SMALLEST sample size needed for the margin of error no higher than B 3.5% 2. At the confidence level (= C 0.95), determine the SMALLEST sample size needed for the margin of error no higher than B = 4.5% 3. What will be the largest margin of error for a 95% interval based on n= 100 records?

Step by Step Solution

3.43 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

As we dont know population proportion we use conservative estimate p05 1 Here margin o... blur-text-image

Get Instant Access to Expert-Tailored 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

Statistics The Exploration & Analysis Of Data

Authors: Roxy Peck, Jay L. Devore

7th Edition

0840058012, 978-0840058010

More Books

Students also viewed these Accounting questions

Question

4. Pupils often misbehave in order to make the teacher look bad.

Answered: 1 week ago

Question

Please make it fast 5 2 1 . .

Answered: 1 week ago