What does brand loyalty mean to consumers? According to a recent research report, 38% of consumers associate trust with brand loyalty. Complete parts (a) through (e) below. a. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within +0.04 of the population proportion, how large a sample size is required? A sample size of 566 consumers is required. (Round up to the nearest integer.) b. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within +0.04 of the population proportion, how many people need to be sampled? A sample size of 978 consumers is needed. (Round up to the nearest integer.) c. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within +0.02 of the population proportion, how large a sample size is required? A sample size of 2263 consumers is required. (Round up to the nearest integer.)
What does brand loyalty mean to consumers? According to a recent research report, 38% of consumers associate trust with brand loyalty. Complete parts (a) through (e) below. a. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within +0.04 of the population proportion, how large a sample size is required? A sample size of 566 consumers is required. (Round up to the nearest integer.) b. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within +0.04 of the population proportion, how many people need to be sampled? A sample size of 978 consumers is needed. (Round up to the nearest integer.) c. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within +0.02 of the population proportion, how large a sample size is required? A sample size of 2263 consumers is required. (Round up to the nearest integer.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
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