In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days. How many randomly selected employers must we contact in order to create an estimate in which we are 99% confident with a margin of error of 6%? A sample size of is needed. (Round up to the nearest whole number.) ...

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
icon
Related questions
Question
In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional
employees in the next 60 days.
How many randomly selected employers must we contact in order to create an estimate in which we are 99% confident
with a margin of error of 6%?
A sample size of is needed.
(Round up to the nearest whole number.)
Transcribed Image Text:In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days. How many randomly selected employers must we contact in order to create an estimate in which we are 99% confident with a margin of error of 6%? A sample size of is needed. (Round up to the nearest whole number.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
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
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax