document.write( "Question 438470: Please help....I've been trying to figure this problem out all afternoon and I have reached my limit.\r
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document.write( "The National Council of Small Businesses is interested in the proportion of small businesses that declared Chapter 11 bankruptcy in a certain year. Let p be the proportion of small businesses that declared Chapter 11 bankruptcy. \r
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document.write( "a. If no preliminary sample is taken, how large a sample is needed to be 95% sure that sample proportion will be within 10% of p?\r
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document.write( "b. In a preliminary random sample of 38 businesses, it was found that six had declared Chapter 11. How many more small businesses should be included to be 95% sure that the sample proportion is within 10% of p?
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Algebra.Com's Answer #303283 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Chapter 11 bankruptcy in a certain year. Let p be the proportion of small businesses that declared Chapter 11 bankruptcy. \n" ); document.write( "----------------------- \n" ); document.write( "a. If no preliminary sample is taken, how large a sample is needed to be 95% sure that sample proportion will be within 10% of p? \n" ); document.write( "--- \n" ); document.write( "Since E = z*sqrt(pq/n) \n" ); document.write( "--- \n" ); document.write( "sqrt(n) = z*sqrt(pq)/E \n" ); document.write( "---- \n" ); document.write( "n = [z/E]^2(pq) \n" ); document.write( "----- \n" ); document.write( "Your Problem: \n" ); document.write( "n = [1.96/0.10]^2 \n" ); document.write( " |