SOLUTION: We wish to estimate the population proportion. We want to be 95 percent confident of our results and we want the estimate to be with .01 of the population parameter. No estimate of

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Question 229926: We wish to estimate the population proportion. We want to be 95 percent confident of our results and we want the estimate to be with .01 of the population parameter. No estimate of the population proportion is available. What value should we use for p?
Answer by stanbon(57347) About Me  (Show Source):
You can put this solution on YOUR website!
We wish to estimate the population proportion. We want to be 95 percent confident of our results and we want the estimate to be with .01 of the population parameter. No estimate of the population proportion is available. What value should we use for p?
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Ans: p = 1/2
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Cheers,
Stan H.