A researcher wishes to estimate the proportion of corporate executives whose annual salary is over $1,000,000.  She wants to be 98% confident and be accurate within 2.5% of the true proportion.  How large of a sample should she take?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.2: Proportions
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A researcher wishes to estimate the proportion of corporate executives whose annual salary is over $1,000,000.  She wants to be 98% confident and be accurate within 2.5% of the true proportion.  How large of a sample should she take?

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