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A survey was run by a high school student in order to determine what proportion of mortgage-holders in his town expect to own

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Answer #1

a. z value for 95% CI is 1.96 as P(-1.96<z<1.96)=0.95

Margin of Error is E=0.70 and n=141

So we will find n using formula of E

E=z*\sqrt{\frac{pq}{n}}=1.96*\sqrt{\frac{0.70*0.30}{141}}=0.076

b. Here p=0.88 and n=141

E=z*\sqrt{\frac{pq}{n}}=1.96*\sqrt{\frac{0.88*0.12}{141}}=0.054

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