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n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.

n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Calculate the 95% margin of error in estimating a binomial proportion p for the following sample size. Use p = 0.6 to calculate the standard error of the estimator. (Round your answer to three decimal places.) n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.
Transcribed Image Text:Calculate the 95% margin of error in estimating a binomial proportion p for the following sample size. Use p = 0.6 to calculate the standard error of the estimator. (Round your answer to three decimal places.) n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.
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