Online use: 1 = uses online banking; 0= does not use online banking. ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64 years; 7 = 65 years and older. CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000- $49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more. A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter14: Counting And Probability
Section14.CT: Chapter Test
Problem 2CT: A hospital cafeteria offers a fixed-price lunch consisting of a main course, a dessert, and a drink....
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Online use: 1 = uses online banking; 0= does not use online banking.
ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64
years; 7 = 65 years and older.
CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000-
$49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more.
Transcribed Image Text:Online use: 1 = uses online banking; 0= does not use online banking. ÞAge buckets are as follows: 1 = less than 15 years; 2 = 15-24 years; 3 = 25-34 years; 4 = 35-44 years; 5 = 45-54 years; 6 = 55-64 years; 7 = 65 years and older. CIncome buckets are as follows: 1 = less than $15,000; 2 = $15,000-$19,999; 3 = $20,000-$29,999; 4 = $30,000-$39,999; 5 = $40,000- $49,999; 6 = $50,000-$74,999; 7 = $75,000-$99,999; 8 = $100,000-$124,999; 9 = $125,000 and more.
A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a
sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy
and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:
Transcribed Image Text:A large retailer wants to estimate the proportion of Hispanic customers in a particular state. How large a sample size (of the retailer's customers) do you need to estimate this proportion to within 0.04 accuracy and with 99% confidence? Assume there is no planning value for p* available. The sample size required is:
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