Comment on the sample size used in this study. Specifically, is the sample unnecessarily large? Is it too small? Explain your reasoning

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
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Comment on the sample size used in this study. Specifically, is the sample unnecessarily large? Is it too small? Explain your reasoning.

Answer (A)
Sample size
Instances of ppl who prefers "our brand"
Proportion that prefers "our brand"
z-value for 95% CL
Preference
Our brand
250
Our brand
134
Our brand
0.54
Competing brand
1.96
Our brand
Lower
Higher
Competing brand
CL for proportion
0.478
0.602
Our brand
Transcribed Image Text:Answer (A) Sample size Instances of ppl who prefers "our brand" Proportion that prefers "our brand" z-value for 95% CL Preference Our brand 250 Our brand 134 Our brand 0.54 Competing brand 1.96 Our brand Lower Higher Competing brand CL for proportion 0.478 0.602 Our brand
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