It is believed that large doses of acetaminophen (the active ingredient in over the counter pain relievers like Tylenol) may cause damage to the liver. A researcher wants to conduct a study to estimate the proportion of acetaminophen users who have liver damage. For participating in this study, he will pay each subject $20 and provide a free medical consultation if the patient has liver damage.   a) If he wants to limit the margin of error of his 95% confidence interval to 1%, what is the minimum amount of money he needs to set aside to pay his subjects?

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A:

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A:

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A:

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A: (a) The level of significance is,

Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.