Voters will decide a statewide referendum soon and must vote either “Yes” or “No.” You want to draw a sample and then compute the percentage that will vote “Yes.” What is the maximum sample size that must be drawn in order to be able to say the following: The probability is 95% that the true population percentage is equal to the sample percentage, plus or minus 2 percentage points. A news reader reporting the evening news, says “Our survey shows that 60% of those intending to vote are in favor of the referendum, with a margin of error of 2 percentage points.” What piece of important information is missing from this statement?   ***Please help me solve using Excel commands**

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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Voters will decide a statewide referendum soon and must vote either “Yes” or “No.” You want to draw a sample and then compute the percentage that will vote “Yes.” What is the maximum sample size that must be drawn in order to be able to say the following: The probability is 95% that the true population percentage is equal to the sample percentage, plus or minus 2 percentage points. A news reader reporting the evening news, says “Our survey shows that 60% of those intending to vote are in favor of the referendum, with a margin of error of 2 percentage points.”

What piece of important information is missing from this statement?

 

***Please help me solve using Excel commands**

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