In past years,approximately 25% of all U.S.families purchased potato chips at least once a month.We are interested in determining the fraction of all U.S.families that currently purchase potato chips at least once a month.How many families must we survey if we want to be 99% sure that our estimate of the fraction of U.S.families currently purchasing potato chips at least once a month is accurate within 2%?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q49: If you are constructing a confidence interval
Q50: Two independent samples of sizes 20 and
Q51: What is an example of a problem
Q52: Confidence intervals are a function of the
A)population,the
Q53: The approximate standard error of the point
Q55: After calculating the sample size needed to
Q56: Suppose there are 500 accounts in a
Q57: The chi-square distribution for developing a confidence
Q58: Generally speaking,the two types of statistical inference
Q59: From a sample of 500 items,30 were
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents