A market researcher plans to select a simple random

Reference no: EM131122352

A market researcher plans to select a simple random sample of households from a population of 30,000 households to estimate the proportion of households with one or more videocassette recorders. The researcher asks a statistician what sample size to use and is told to use the formula

Describe exactly what the researcher needs to know or decide to fill in values for d, z, and p in the equation, and what will be accomplished by that choice of sample size.

Reference no: EM131122352

Questions Cloud

Make three independent forecasts : Using this information, make three independent forecasts of the 1-year future spot rate for the Israeli shekel. (Use exact, not approximation,relationships.)

Show how to adapt dijkstra''s algorithm so that it solves : Show how to adapt Dijkstra's algorithm so that it solves the all-destinations shortest path problem in at most N - 1 iterations.

Using the following purchases journal : Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing

Estimate the proportion of people with blood type : What sample size is required to estimate the proportion of people with blood type O in a population of 1500 people to be within 0.02 of the true proportion with 95% confidence? Assume no prior knowledge about the proportion.

A market researcher plans to select a simple random : A market researcher plans to select a simple random sample of households from a population of 30,000 households to estimate the proportion of households with one or more videocassette recorders.

Prepare an accounts receivable subsidiary ledger : Prepare an accounts receivable subsidiary ledger on October 31, 2010. Verify that the total of the accounts receivable subsidiary ledger equals the balance of the accounts receivable control account on October 31, 2010.

Voters in favor of a controversial proposition : To estimate the proportion of voters in favor of a controversial proposition, a simple random sample of 1200 eligible voters was contacted and questioned. Of these, 552 reported that they favored the proposition.

Estimates that productivity improvements soon will increase : A company manufactures a product using machine cells. Each cell has a design capacity of 250 units per day and an effective capacity of 230 units per day. At present, actual output averages 200 units per cell, but the manager estimates that productiv..

Transactions related to revenue and cash receipts completed : Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark (true) in the..

User Account

All Pages