Trends in fashion have signaled the emergence of green as the color of the century. It ranked third as the most preferred color among designers having a market share of 9.24%. Its popularity may be partially due to an increased interest in the environment. Besides, "Green symbolizes harmony and counteracts emotional stress." To verify the accuracy of these figures, a survey is being considered. Find the size of the sample that you should take if you want the estimate of the true proportion of designers who preferred green not to differ by more than 0.03 with 95% confidence. 253 252 358 357

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 5E
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Trends in fashion have signaled the emergence of green as the color
of the century. It ranked third as the most preferred color among
designers having a market share of 9.24%. Its popularity may be
partially due to an increased interest in the environment. Besides,
"Green symbolizes harmony and counteracts emotional stress."
To verify the accuracy of these figures, a survey is being
considered. Find the size of the sample that you should take
if you want the estimate of the true proportion of designers
who preferred green not to differ by more than 0.03 with 95%
confidence.
253
252
О 358
О 357
Transcribed Image Text:Trends in fashion have signaled the emergence of green as the color of the century. It ranked third as the most preferred color among designers having a market share of 9.24%. Its popularity may be partially due to an increased interest in the environment. Besides, "Green symbolizes harmony and counteracts emotional stress." To verify the accuracy of these figures, a survey is being considered. Find the size of the sample that you should take if you want the estimate of the true proportion of designers who preferred green not to differ by more than 0.03 with 95% confidence. 253 252 О 358 О 357
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