Find the minimum sample size needed

Assignment Help Basic Statistics
Reference no: EM131914328

A researcher wishes to? estimate, with 99% ?confidence, the population proportion of adults who think the president of their country can control the price of gasoline. Her estimate must be accurate within 5?% of the true 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 20?% of the respondents said they think their president can control the price of gasoline.

?c) Compare the results from parts? (a) and? (b).

(a) What is the minimum sample size needed assuming that no prior information is? available?

?(b) What is the minimum sample size needed using a prior study that found that 20?% of the respondents said they think their president can control the price of? gasoline?

(c) Does it reduce raise or stay the same?

Reference no: EM131914328

Questions Cloud

Assume no taxes-no direct bankruptcy costs : Assume no taxes, no direct bankruptcy costs, all investors are risk neutral, and the risk-free interest rate is zero.
Write a two page precis : Read the part Charlotte Perkins Gilman: "Women and Economics" in the attachment and follow the instruction to write a two page double space Precis.
Record the cash collection for mercy : Record the cash collection for Mercy. Calculate the balance of accounts receivable and net revenue after the cash payment is received.
Assume risk neutrality and zero interest rate : Assume risk neutrality, a zero interest rate, no direct bankruptcy costs, and no taxes.
Find the minimum sample size needed : A researcher wishes to? estimate, with 99% ?confidence, the population proportion of adults who think the president of their country can control the price.
Prepare the paid-in capital section of stockholders equity : Post to the stockholders' equity accounts. (Use J1 as the posting reference.). Prepare the paid-in capital section of stockholders' equity at December 31, 2017.
Recapitalization that increased firm debt-to-assets ratio : Suppose you are hired as a consultant for Tailways, Inc., just after a recapitalization that increased the firm’s debt-to-assets ratio to 80 percent.
Discrete probabilities or distributions : Provide an example that follows either a binomial or Poisson distribution, and explain why that example follows that particular distribution.
Which project will equity holders want the managers to take : What is the NPV of each project? Which project will equity holders want the managers to take? Why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Analyze the relationship of biological factors to the

q1. use maslows hierarchy of needs to discuss the extent to which growth needs influence personality formation.q2.

  Uniform distribution on the interval

Suppose that a random sample of four observations is to be drawn from a uniform distribution on the interval (0, 8), and that the prior distribution of 8 has th

  Question regarding the sample proportion

Find the test statistic that would be used for a test of H0: p = 0.3 versus Ha: p ≠ 0.3, given a sample proportion of 0.35 from a sample size of 200.

  Whether three brands could have the same population mean

Using the 0.025 level of significance, determine whether the three brands could have the same population mean for this test object.

  Do you think you would get the same percent hit

If you were to repeat the previous exercise, do you think you would get the same percent hit? Explain your answer.

  State the null hypothesis and the alternative hypothesis

A researcher claims that 62% of voters favor gun control. State the null hypothesis and the alternative hypothesis in words.A researcher claims that 62% of voters favor gun control. Identify the null hypothesis H0 and the alternative hypothesis H1..

  Why might strati?cation by province be a good thing

List two socioeconomic factors that would be appropriate to use for strati?cation. Explain how each factor would relate to the consumption of alcohol in general and of wine in particular.

  What is the probability of an extended ride

If the total weight is less than 900 pounds, the pilot will have enough fuel to extend the ride by a few minutes. What is the probability of an extended ride?

  Identify the customers and the servers

For each kind of queueing system listed in Prob. 17.3-1, briefly describe the nature of the cost of service and the cost of waiting that would need to be considered in designing the system.

  Probability density function for uniform distribution

What is the probability density function for this uniform distribution?

  Compare the grower expected values

Compare the grower's expected values for the three alternatives he has, considering the various possible loss scenarios for the burners and the sprinklers. Which alternative would you suggest the grower take? Why?

  Find the relay team total time in the event

Medley. In the medley relay event, four swimmers swim 100 yards, each using a different stroke. A college team preparing for the conference championship.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd