SOLUTION: A rental property management company wants to estimate, with 99% confidence, the proportion of vacationers who will likely rent their properties in Destin, Florida during the month
Algebra.Com
Question 922467: A rental property management company wants to estimate, with 99% confidence, the proportion of vacationers who will likely rent their properties in Destin, Florida during the month of June. The estimate must be accurate within 4% of the population proportion. A prior study was conducted last year. It found that 32% of vacationers chose to rent their properties in Destin during the month of June. Find the minimum sample size required for the population proportion.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
ME = .04 = 2.576(sqrt(.32*.68/n))) solve for n
n =
RELATED QUESTIONS
A researcher wants to estimate with 99% confidence, the proportion of people who have a... (answered by MathTherapy)
A researcher wishes to estimate with 99% confidence, the population proportion of adults... (answered by Theo)
A research company wishes to estimate, with 95% confidence, the proportion of people who... (answered by stanbon)
Political Bob wants to estimate the proportion of the population of voters who favor his... (answered by ewatrrr)
A biologist wants to estimate with 99% confidence the proportion of people who trust dna... (answered by reviewermath)
A marketing manager is in the process of deciding whether to introduce a new product. He... (answered by ewatrrr)
The cellular spinoff company Jog wants to estimate the proportion of households that... (answered by stanbon)
A report states that 40% of home owners had a vegetable garden. How large a sample is... (answered by Boreal)
In a poll of 600 randomly selected subjects, 240 answered “yes” when asked if they... (answered by chunsicker)