Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Sample Size Calculation using unknown population proportion and known margin of error.

A market research firm wants to estimate the level of recognition of a particular consumer product within a range of ± 3% with 95 percent confidence.  How several individuals will it require to sample to achieve this level of accuracy and confidence?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922226

Have any Question? 


Related Questions in Statistics and Probability

Problem 1you invest in a portfolio of 5 stocks with an

Problem 1: You invest in a portfolio of 5 stocks with an equal investment in each one. The betas of the 5 stocks are as follows: .75, -1.2, .90, 1.3, 1.5. The risk free return is 4% and the market return is 9%.??A. Compu ...

A prove that any sequence that converges in the mean square

(a) Prove that any sequence that converges in the mean square sense must also converge in probability. Hint: Use Markov's inequality. (b) Prove by counterexample that convergence in probability does not necessarily imply ...

Assignment decision analysis1the lake placid town council

Assignment: Decision Analysis 1. The Lake Placid Town Council decided to build a new community center to be used for conventions, concerts, and other public events, but considerable controversy surrounds the appropriate ...

The traffic managers of toll roads and toll bridges need

The traffic managers of toll roads and toll bridges need specific information to properly staff the toll booths so that the queues are minimized (i.e., the waiting time is minimized). (a) Assume that there is one toll bo ...

Assignment chapter 1 to 7answer the following questions121

Assignment Chapter 1 to 7 Answer the following questions: 1.21. Explain why it is necessary to consider variability around the mean or nominal dimension as a measure of quality. PAGE 47 1.15. What is a Six Sigma process? ...

I deal myself 3 cards from a standard 52-card deck find the

I deal myself 3 cards from a standard 52-card deck. Find the probabilities of each of the following events: (a) 2 of a kind (e.g., 2 fives or 2 kings); (b) 3 of a kind; (c) 3 of the same suit (a.k.a a flush, e.g., 3 hear ...

You have 10000 and want to invest 4000 in stock a and 6000

You have $10,000 and want to invest $4,000 in Stock A, and $6,000 in Stock B.   Rate of Return A B Probability 0.5 14% 8% 0.5 10% 18% 1. What is expected rate of return for A? 2. What is the variance of A? 3. What is the ...

Research project - project title - an investigation into

Research Project - Project Title - An investigation into the under-filling of tuna cans and the demand for a new product. Cans are airtight containers which preserve processed food. These are mostly easy to cook food ite ...

Extend the results of exercise 1023 to a general ar model

Extend the results of Exercise 10.23 to a general AR( ) model. That is, suppose we wish to predict the next value of a random process by forming a linear combination of the most recent samples   Find an expression for th ...

A market researcher wants to study the television viewing

A market researcher wants to study the television viewing habits of a particular small city. A sample of 40 adult residents is asked to record their television viewing in one week. The results are: Viewing time: = 15.3 h ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate