A pharmaceutical researcher wants to determine the proportion of people who believes that branded medicine is more effective than generic medicine. How many people should be sampled to be 95% confident that the estimate will be accurate within 1% of the true population proportion?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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A pharmaceutical researcher wants
to determine the proportion of
people who believes that branded
medicine is more effective than
generic medicine. How many people
should be sampled to be 95%
confident that the estimate will be
accurate within 1% of the true
population proportion?
Transcribed Image Text:A pharmaceutical researcher wants to determine the proportion of people who believes that branded medicine is more effective than generic medicine. How many people should be sampled to be 95% confident that the estimate will be accurate within 1% of the true population proportion?
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