When estimating the true proportion, how large a sample is needed to be 95% confident that the error will notexceed 0.06?0 268O266267O 265оооо Chevrolet's customer relations department wishes to estimate the number of days it takes an automobiledealer to sell a Chevrolet Aveo. Some cars are sampled to produce an estimate for the mean number of daysfor an Aveo to be sold.Which of the following ideas is false when calculating the estimate?O If the standard deviation is small, a wider estimate will be produced.O If the standard error is small, it will produce a narrow interval.O If the confidence level is high, it will produce a wider error term.O If the sample size is increased, a narrower confidence interval will result.

It is given that Margin of error E = 0.06 Level of confidence = 0.95 The critical value of Z at 95%…

Answered: When estimating the true proportion,…

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter7: Applying Fractions

Section7.2: Proportions

Problem 47WE

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When estimating the true proportion, how large a sample is needed to be 95% confident that the error will not exceed 0.06?