document.write( "Question 1010286: Past surveys reveal that 30% of tourists going to Las Vegas to gamble spend more than $1,000. The Visitor’s Bureau of Las Vegas wants to update this percentage. I got part a. I'm struggling with part b.
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\n" ); document.write( "a.
\n" ); document.write( "The new study is to use the 90% confidence level. The estimate is to be within 1% of the population proportion. What is the necessary sample size? (Round your answer to the next whole number.)
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\n" ); document.write( "Answer: Sample size 5683
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\n" ); document.write( "b.
\n" ); document.write( "The Bureau feels the sample size determined above is too large. What can be done to reduce the sample? Based on your suggestion, recalculate the sample size. (Hint: Use an allowable error in the range of 0.01 to 0.05) (Round your answer to the next whole number.)
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Algebra.Com's Answer #625727 by Boreal(15235)\"\" \"About 
You can put this solution on YOUR website!
Checking the first
\n" ); document.write( "z=(phat-p)/sqrt {(0.21)/n}
\n" ); document.write( "z^2*(0.21)=.0001n, squaring everything.
\n" ); document.write( "I agree with a.
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\n" ); document.write( "You can change either the error or the confidence.
\n" ); document.write( "Change the error as suggested to 5%
\n" ); document.write( "z^2*(0.21)=.0025n
\n" ); document.write( "n=228
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\n" ); document.write( "One may use any error in between. The above is the minimum sample size given the constraints.
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