Why is the sample size needed to determine the proportion smaller when the population proportion is 0.20

Question:

Why is the sample size needed to determine the proportion smaller when the population proportion is 0.20 than when the population proportion is 0.50? Discuss.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Managers Using Microsoft Excel

ISBN: 772

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

See More Books

Question Posted: Apr 07, 2016 09:06 AM

See More Questions

Two different types of injection-molding machines are used to form plastic parts. A part is considered defective if it has excessive shrinkage or is discolored. Two random samples, each of size 300,...
Determine the sample size needed to construct a 95% confidence interval to estimate the population mean for the following margins of error when = 80: a. 10 b. 15 c. 20
Determine the sample size needed to construct a 99% confidence interval to estimate the population proportion when p = 0.40 and the margin of error equals 5%.
Should U.S. national forests become privatized (sold to private owners)? Why or why not?
Nancy Boyd is a realtor. She organized her business as a corporation on September 16, 2015. The business received $80,000 from Boyd and issued common stock. Consider these facts as of September 30,...
Convert the hexadecimal number to decimal. 9D
When deducing the cost of equity through a dividend model, must we assume either a constant level of future dividends or a constant level of growth of dividends? Explain your response.
Arun Company has had poor operating results for the past two years. As the accountant for Arun Company, you have the following information available to you: Total assets and owner's equity at the...
2 pts Question 34 Carlton Company purchases $8,000 of inventory with shipping terms, FOB Portland. Carlton is based in Seattle and the supplier is based in Portland. The shipping costs are $450. What...
In reading a burette to 0.01 ml the final figure has to be estimated. The following frequency table gives the final figures of 50 such readings. Carry out an appropriate significance test to...
Why can you never really have 100% confidence of correctly estimating the population characteristic of interest? Discuss in detail.
The Pew Internet Project survey of 2,253 American adults (data extracted from pewinternet.org/Commentary/2012/ February/Pew InternetMobUe) found the following: 1,983 have a cell phone 1,307 have a...
The distinction between a provision and a contingent liability is irrelevant. Discuss.
Problem 1 PROBLEMS Sabres Limited, a Canadian-controlled private corporation whose fiscal year end is December 31, provides you with the following data concerning its tax accounts and capital...
9.6. A habitual gambler often visits three different casinos and plays roulette there. He wants to discover at which casino he has better luck with his roulette games. So, he records his gambling...
The firm has estimated that its sales for 2 0 1 3 will be $ 8 4 6 , 7 5 6 Cash dividends to be paid by the firm in 2 0 1 3 $ 3 7 , 7 2 0 Minimum cash balance to be maintained by the firm $ 2 8 , 5 1...
Bob Long was hired by County Hospital aS supervisor of engineering and maintenance. Although well experienced in his field, this was his first management job. Soon after Bob's arrival a maintenance...
Initial Outlay (IO) 1. A company is considering purchasing a machine for $100,000. Shipping costs would be another $5,000. The project would require an initial investment in net working capital of...
What is a laddered portfolio?
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
The recent average starting salary for new college graduates employed as business systems analysts is $49,879.Assume salaries are normally distributed with a standard deviation of $7,088. a. What is...
The probability that a college student will cheat on his or her statistics assignment by copying the work of other students is 0.043. If a professor has 175 statistics students, what is the...
A long-life flood lamp has a lifetime that is normally distributed with a mean of 10,000 hours and a standard deviation of 2,525 hours. a. What percentage of the flood lamps would last for more than...
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...

Why is the sample size needed to determine the proportion smaller when the population proportion is 0.20

Question:

Step by Step Answer:

The term reaches its largest value when the p...View the full answer

Statistics For Managers Using Microsoft Excel

Students also viewed these Statistics questions