A marketing research firm wishes to conduct a poll in a certain region to estimate the proportion of residents who would oppose the construction of a new luxury resort. Determine the sample size needed in order to be 90% confident that the sample proportion will be within 0.03 of the true proportion. (Hint: use p=0.5)

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 8E
icon
Related questions
Question

A marketing research firm wishes to conduct a poll in a certain region to estimate the proportion of residents who would oppose the construction of a new luxury resort. Determine the sample size needed in order to be 90% confident that the sample proportion will be within 0.03 of the true proportion. (Hint: use p=0.5) 

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning