3. Michael wants to make a confidence interval estimate for the proportion of community members in favor of a tax increase for more local school funding. If he wants the margin of error to be no more than 0.025 at a 90% confidence level, a) What is the required sample size required to obtain the desired margin of error? b) Suppose he guesses that about 30% are in favor for the tax increase. What will be the required sample size in this case? Assume the same margin of error and confidence level.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 2E
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3. Michael wants to make a confidence interval estimate for the proportion of community
members in favor of a tax increase for more local school funding. If he wants the margin
of error to be no more than 0.025 at a 90% confidence level,
a) What is the required sample size required to obtain the desired margin of error?
b) Suppose he guesses that about 30% are in favor for the tax increase. What will be the
required sample size in this case? Assume the same margin of error and confidence
level.
Transcribed Image Text:3. Michael wants to make a confidence interval estimate for the proportion of community members in favor of a tax increase for more local school funding. If he wants the margin of error to be no more than 0.025 at a 90% confidence level, a) What is the required sample size required to obtain the desired margin of error? b) Suppose he guesses that about 30% are in favor for the tax increase. What will be the required sample size in this case? Assume the same margin of error and confidence level.
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