Back to 8.3 A Confidence Interval for A Population Proportion

8.3 Exercise 10

Avg difficulty 2.5

Use the following information to answer the next two exercises: Marketing companies are interested in knowing the population percent of women who make the majority of household purchasing decisions.

If it were later determined that it was important to be more than 90% confident and a new survey were commissioned, how would it affect the minimum number you need to survey? Why?

OpenStax Introductory Business Statistics 2e, 8.3 A Confidence Interval for A Population Proportion, exercise 10

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Adapted from Introductory Business Statistics 2e © 2023 Rice University. Licensed under CC BY 4.0. Source: Introductory Business Statistics 2e. Imported at revision 50ec917.