Question

Most polis (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution,

Given that,

1) \hat p =  1 - \hat p = 0.5

margin of error = E = 0.03

At 80% confidence level

\alpha = 1 - 80%

\alpha = 1 - 0.80 =0.20

\alpha/2 = 0.10

Z\alpha/2 = Z0.10 = 1.282

sample size = n = (Z\alpha / 2 / E )2 * \hat p * (1 - \hat p )

= (1.282 / 0.03)2 * 0.5 * 0.5

= 456.53

sample size = n = 457

2) \hat p =  1 - \hat p = 0.5

margin of error = E = 0.03

At 90% confidence level

\alpha = 1 - 90%

\alpha = 1 - 0.90 =0.10

\alpha/2 = 0.05

Z\alpha/2 = Z0.05 = 1.645

sample size = n = (Z\alpha / 2 / E )2 * \hat p * (1 - \hat p )

= (1.645 / 0.03)2 * 0.5 * 0.5

= 751.67

sample size = n = 752

Add a comment
Know the answer?
Add Answer to:
Most polis (performed by market research companies) are given with a margin of error of about...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Most polls (performed by market research companies) are given with a margin of error of about...

    Most polls (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in a national newspaper, you will often see something like "these results are given plus or minus 3 percentage points"). 1. If you wish to poll Vancouver residents to determine their level of support for a plan to increase green space in the city, and you wish to use a 95% confidence level, what is the minimum number...

  • Most polls (performed by market research companies) are given with a margin of error of about...

    Most polls (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in a national newspaper, you will often see something like "these results are given plus or minus 3 percentage points"). If you wish to poll Vancouver residents to determine their level of support for a plan to increase green space in the city, and you wish to use a 98% confidence level, what is the minimum number of...

  • Most polls (performed by market research companies) are given with a margin of error of about...

    Most polls (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in a national newspaper, you will often see something like these results are given plus or minus 3 percentage points"). 1. If you wish to poll Vancouver residents to determine their level of support for a plan to increase green space in the city, and you wish to use a 80% confidence level, what is the minimum number...

  • Most polls (performed by market research companies) are given with a margin of error of about...

    Most polls (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in a national newspaper, you will often see something like these results are given plus or minus 3 percentage points) 1. If you wish to poll Vancouver residents to determine their level of support for a plan to increase green space in the city, and you wish to use a 90% confidence level, what is the minimum number...

  • 2020 Remaining Time. 00:15:00 ost polls (performed by market research companies) are given with a margin...

    2020 Remaining Time. 00:15:00 ost polls (performed by market research companies) are given with a margin of error of about 3% of you read poll results in a national newspaper, you w ten see something like "these results are given plus or minus 3 percentage points"). 1. If you wish to poll Vancouver residents to determine their level of support for a plan to increase green space in the city, and you wish to use a 95% confidence level, what...

  • 1. Given n=2500 and p=0.86, find the margin of error E that corresponds to a 99%...

    1. Given n=2500 and p=0.86, find the margin of error E that corresponds to a 99% confidence level 2. you are given a margin of error as three percentage points in a confidence level of 99%. If the same percentage from arecent poll is 35%, find the minimum sample size to estimate a population proportion. corresponds to a 99% confidence (1 point) 1. Given n level. 2500 and β-086, find the margin of error E that 0.014 0.048 0.018 0...

  • you are given a margin of error as 3 percentage points and a confidence level of...

    you are given a margin of error as 3 percentage points and a confidence level of 99%. if the sample percentage from a recent poll is 35% find the minimum sample size to estimate a population proportion. 496 1677 248 2579

  • (ipom) 1. Given n-2500 and β 0.86, find the margin of error E that corresponds to...

    (ipom) 1. Given n-2500 and β 0.86, find the margin of error E that corresponds to a 99% confidence level o 0.014 0 0.048 0 0.018 0.007 2. You are given a margin of error as 3 percentage points and a confidence level of 99%. Ifthe sample percentage from a recent poll is 35%, find the minimum sample size to estimate a (1 point) population proportion. 496 e 2579 1677 248

  • An article a Texas newspaper reported on the topics that teenagers most want to discuss with...

    An article a Texas newspaper reported on the topics that teenagers most want to discuss with their parents. The findings, the results of a poll, showed that 46% would like more discussion about the family's financial situation, 37% would like to talk about school, and 30% would like to talk about religion. These and other percentages were based on a national sampling of 503 teenagers. Estimate the proportion of all teenagers who want more family discussions about school. Use a...

  • 4) A company is not happy with the margin of error of a customer satisfaction poll...

    4) A company is not happy with the margin of error of a customer satisfaction poll the company has carried out. The company polled a random selection of 75 customers. The company discovered that 53% of their customers in this study are satisfied with their product, with a corresponding margin of error of 12 percentage points for a 95% confidence interval estimate for the population proportion of customers who are satisfied with their product i) The company has been playing...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT