Realtors of a particular county have undertaken a research study on residents of their country who are considering purchasing houses with the next 24 months. If the population proportion is assumed to be no more than 0.25, how many residents must be included in a simple random sample if the realtors want to be 99% confident that the maximum likely error will be no more than 0.015?

Realtors of a particular county have undertaken a research study on residents of their country who are considering purchasing houses with the next 24 months. If the population proportion is assumed to be no more than 0.25, how many residents must be included in a simple random sample if the realtors want to be 99% confident that the maximum likely error will be no more than 0.015?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...

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