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While Buhi might appreciate having more confidence in the survey results, they might not appreciate the high price; calculate a sample size for a tighter

image text in transcribed While Buhi might appreciate having more confidence in the survey results, they might not appreciate the high price; calculate a sample size for a tighter budget. 1. Create a sample size assuming Buhi is only willing to pay a total of $15,000 on the survey portion (CPS + analysis and report development cost). The agreed-upon costs in Buhi's contract are: - Cost per survey (CPS): \$6 - Analysis \& report development: $5,000 2. Use a 95 percent confidence level to develop a new sample size within Buhi's budget. Sample Size Calculator For this study, the target population size estimate is . The sample will be . The confidence level will be at 95%. This study will have a margin of error of +/

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