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StatisticsQ&A LibraryIn each of Exercises, we have given a likely range for the observed value of a sample proportion p. a.Based on the given range, identify the educated guess that should be used for the observed value of ˆ p to calculate the required sample size for a prescribed confidence level and margin of error.b.Identify the observed values of the sample proportion that will yield a larger margin of error than the one specified if the educated guess is used for the sample-size computation. 0.7 or lessStart your trial now! First week only $4.99!*arrow_forward*

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In each of Exercises, we have given a likely range for the observed value of a sample proportion p.

a.Based on the given range, identify the educated guess that should be used for the observed value of ˆ p to calculate the required sample size for a prescribed confidence level and margin of error.

b.Identify the observed values of the sample proportion that will yield a larger margin of error than the one specified if the educated guess is used for the sample-size computation.

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