Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose a survey researcher, studying expenditures on lipstick, wishes to have a 99 percent confident level and a range of error of less than $2.00.
Suppose a survey researcher, studying expenditures on lipstick, wishes to have a 99 percent confident level and a range of error of less than $2.00. The estimate of the standard deviation is $29.00. What is the final sample size required? If only 50 percent of households contain women who use lipstick and on average only 20 percent of people contacted actually complete the survey, what is the initial numbers of households that need to be contacted?
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