You want to determine the percentage of Fortune 500 CEOs who think Indiana University (IU) deserves its
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a. Find a 95% confidence interval for the fraction of Fortune 500 CEOs who believe IU deserves its ranking.
b. Suppose again that you want to estimate the fraction of Fortune 500 CEOs who believe IU deserves its ranking. Your goal is to have only a 5% chance of having your estimate be in error by more than 0.02. What size sample would you need to take?
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Related Book For
Data Analysis And Decision Making
ISBN: 415
4th Edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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