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Calculations Note: It is best to keep all percentages in whole numbers in your equations (i.e....

Calculations Note: It is best to keep all percentages in whole numbers in your equations (i.e. 50% = 50 and not .50, or 6% = 6, not .06). This will insure you keep them consistent and avoid large errors.

  1. Calculate the sampling error (accuracy) at a 95% confidence level for a study where the sample size is 800 and the estimated proportion (p) you are estimating is that 35% of the people will buy your product

  2. Calculate the sampling error (accuracy) at a 95% confidence level for a study where the sample size is 1200 and the estimated proportion (p) you are estimating is that 55% of the people will buy your product

  3. Calculate the sample size needed to achieve an acceptable error rate of plus or minus 6% at a 95% Confidence Level and an estimated proportion of 40% who are aware of your product.

  4. Calculate the sample size needed to achieve an acceptable error rate of plus or minus 2% at a 95% Confidence Level and an estimated proportion of 40% who are aware of your product.

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