Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The WB reports that 2% of the US households live on less than $2 per day. A policymaker claims that this number is misleading because

The WB reports that 2% of the US households live on less than $2 per day. A policymaker claims that this number is misleading because of variation from state to state and rural to urban. To investigate this, they want to take a random sample of households in Atlanta to compare with the national proportion.

What sample size should be collected to ensure that conditions for inference using the Central Limit Theorem are satisfied? Is 30 correct?

What sample size shouldbe collected to ensure that a 95% confidence interval will have a margin of error less than or equal to 1%?

Is 753 correct?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Personal Finance

Authors: Jeff Madura

7th Edition

0134989961, 978-0134989969

Students also viewed these Mathematics questions

Question

1. Try oral, open-book, or group tests.

Answered: 1 week ago