Estimate a population proportion within percentage points

Reference no: EM131813567

Question: You wish to estimate a population proportion to within three percentage points, at 95% confidence. A sample will cost $500 plus 50 cents for every sample element measured. You have $1,000 to spend on the study.

a. Can you afford the sample required?

b. If not, what are your options?

Reference no: EM131813567

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