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Most polls (performed by market research companies) are given with a margin of error of about 3% (if you read poll results in
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Answer #1

Given : Margin of errorE=3%=0.03

Since , the estimate of the proportion is unknown.

Therefore , assume that \hat{p}=0.5

a) The critical value is , Z_{\alpha/2}=Z_{0.20/2}=1.28 ; From Z-table

Therefore , the required sample size is ,

n=\frac{Z_{\alpha/2}^2*\hat{p}(1-\hat{p})}{E^2}=\frac{1.28^2*0.5(1-0.5)}{0.03^2}\approx 455

b) The critical value is , Z_{\alpha/2}=Z_{0.10/2}=1.64 ; From Z-table

Therefore , the required sample size is ,

n=\frac{Z_{\alpha/2}^2*\hat{p}(1-\hat{p})}{E^2}=\frac{1.64^2*0.5(1-0.5)}{0.03^2}\approx 747

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