In: Statistics and Probability
3. A project requires you to determine if a population of customers are interested in a particular new product. Calculate the sample size needed to be 95% confident that the sample proportion will fall within 0.08 of the population proportion.
1)
a)
b) People feel more than moderate positive feelings about online
dating.
2)
We are 95% confident that the population proportion of skiers that were 30 or older lie within the interval calculated above.
b)
c)
99% confidence interval is wider than the 95% confidence interval
3) The Margin of error = ME = 0.08
for 95% confidence
a)
the proportion of customers that are interested in this particular new product p= 0.81
the sample size needed
b)
Assuming there is no preliminary estimate for the proportion p=0.5
the sample size needed