Find minimum sample size needed to make travel reservations

Assignment Help Basic Statistics

Reference no: EM13145892

You are a travel agent and wish to estimate, with 98% confidence, the proportion of vacationers who use an online service or the internet to make travel reservations. Your estimate must be accurate within 4% of the population proportion.

(a) No preliminary estimate is available. Find the minimum sample size needed.

(b) Find the minimum sample size needed, using a prior study that found that 35% of the respondents said they used an online service or the Internet to make travel reservations.

Reference no: EM13145892

Questions Cloud

Emotional support in a time of distress : Sarah is listening to her roommate to provide emotional support in a time of distress. According to your textbook, Sarah is engaged in listening.

What is the minimum number of six year cycles : The recertication will cost $150.00 per pump and appears as part of the sunk cost in year zero if the pumps are changed. What is the minimum number of 6 year cycles that the process must operate in order for the pump savings to cover the cost of re-..

Majority-owned subsidiary : A majority-owned subsidiary that is in legal reorganization should normally be accounted for using

What is signal transduction : What is signal transduction? and why are secondary messengers involved in signal transduction? For what added function do they serve?

Find minimum sample size needed to make travel reservations : Find the minimum sample size needed, using a prior study that found that 35% of the respondents said they used an online service or the Internet to make travel reservations.

Which payment option has the greatest present value : Your personal time value of money/interest rate is 5%. Which payment option has the greatest present value?

Boxware contribution margin per unit : What is boxware's contribution margin per unit?

Decision dealing with excess supply or excess demand : a. Does Erin and Kyle's decision deal with excess supply or excess demand? b. What should Erin and Kyle do?

Macroeconomics is part of the economics concerned : Macroeconomics is part of the economics concerned with individual units such as a person, a household, a firm of an industry"

User Account

All Pages