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
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ISBN:9780547587776
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Chapter11: Data Analysis And Probability
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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?

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