SOLUTION: Political Bob wants to estimate the proportion of the population of voters who favor his tax bill. He wants to be able to say his estimate is good to within 2 percentage points wit

Algebra ->  Probability-and-statistics -> SOLUTION: Political Bob wants to estimate the proportion of the population of voters who favor his tax bill. He wants to be able to say his estimate is good to within 2 percentage points wit      Log On


   

Question 929507: Political Bob wants to estimate the proportion of the population of voters who favor his tax bill. He wants to be able to say his estimate is good to within 2 percentage points with 95% confidence. Assuming he has no prior information on what the proportion is likely to be, he should ask his pollsters to take a sample of size





A 1692

B 2401

C 25

D 4801

E 10000
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
n = .50*.50(1.96/.02)^2 = 2401
B.