Estimate proportion of unemployed college students

Reference no: EM13122137

In order to determine the summer unemployment rate among college students, a pilot sample was taken; and it was determined that fifteen percent of the individuals in the sample were unemployed. Using the results of the pilot study and a 95% confidence, what size sample would be required to estimate the proportion of unemployed college students if we want the margin of error not to exceed 5 percent?

Reference no: EM13122137

Questions Cloud

I''m not a good writer : A fellow student says, "So, I'm not a good writer. But I have other places to put my study time. I'm a management major. I'll have secretaries to handle my writing for me." Give this student your best advice, including the reasoning behind it.

Suppose a machine has three independent components : Suppose a machine has three independent components with Exp(.1) lifetimes. Compute the expected lifetime of the machine if it needs all three components to function properly

Describing how you would market the product : Your Industry has just developed a new sports drink that is in a container which will keep it cool for up to 6 hours. Develop a marketing plan for this product and then write a 3 page paper describing how you would market the product.

Explain how governments use monetary and fiscal policy : Explain how governments use monetary and fiscal policy to manage the economy and use technology and information resources to research issues in principles of economics.

Estimate proportion of unemployed college students : What size sample would be required to estimate the proportion of unemployed college students if we want the margin of error not to exceed 5 percent?

Independent exponential random variables with means : The lifetimes of two car batteries (Brand A and B) are independent exponential random variables with means 12 hours and 10 hours, respectively.

Information about modular arithmetic : Show that z and iz have the same modulus. How are the graphs of these two numbers related?

Calculate the net percent value of these costs : calculate the net percent value of these costs and benefits of an information system. Also calculate the overall return on investment of the project and then percent a break even analysis.

Investment in municipal bonds income state : In 2009, Osgood Corporation purchased $4 million in ten-year municipal bonds at face value. On December 31, 2011, the bonds had a market value of $3,600,000 and Osgood reclassified the bonds from held to maturity to trading securities.

User Account

All Pages