A school administrator wishes to conduct a poll to estimate the percentage of full-time college students who have credit-card debt of $2000 or more. What size sample should be obtained if she wishes the estimate to be within 2.5% percentage points with 94% confidence if (a) a prior study indicates that the percentage is 34%? (b) no prior estimates are used?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 30PPS
icon
Related questions
Question

A school administrator wishes to conduct a poll to estimate the percentage of full-time college students who have credit-card debt of $2000 or more. What size sample should be obtained if she wishes the estimate to be within 2.5% percentage points with 94% confidence if (a) a prior study indicates that the percentage is 34%? (b) no prior estimates are used?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 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
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
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