In a survey conducted by CNN, 130 of the 250 people that were randomly surveyed have a savings account. (a) Construct a 90% confidence interval to estimate the true population proportion of people that have a savings account. (b) Suppose CNN is going to conduct this survey a second time. If we want our estimate to be within 3% of the true population proportion with 90% confidence, how many people do we need to sample?
In a survey conducted by CNN, 130 of the 250 people that were randomly surveyed have a savings account. (a) Construct a 90% confidence interval to estimate the true population proportion of people that have a savings account. (b) Suppose CNN is going to conduct this survey a second time. If we want our estimate to be within 3% of the true population proportion with 90% confidence, how many people do we need to sample?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
Related questions
Question
In a survey conducted by CNN, 130 of the 250 people that were randomly surveyed have a savings account.
(a) Construct a 90% confidence
(b) Suppose CNN is going to conduct this survey a second time. If we want our estimate to be within 3% of the true population proportion with 90% confidence, how many people do we need to sample?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning