Question 7 12 pts An economist wants to know if the proportion of the U.S. population who commutes to work via carpoolin

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Question 7 12 pts An economist wants to know if the proportion of the U.S. population who commutes to work via carpoolin

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Question 7 12 Pts An Economist Wants To Know If The Proportion Of The U S Population Who Commutes To Work Via Carpoolin 1
Question 7 12 Pts An Economist Wants To Know If The Proportion Of The U S Population Who Commutes To Work Via Carpoolin 1 (144.97 KiB) Viewed 16 times
Question 7 12 pts An economist wants to know if the proportion of the U.S. population who commutes to work via carpooling is on the rise. What size sample should be obtained if the economist wants an estimate within 2 percentage points of the true proportion with 90% confidence if: (a) the economist uses the 2009 estimate of 10% obtained from the American Community Survey? Answer: a= 0.1 E= 0.02 , Sample Proportion= 9 , Za/2 (Rounded to three decimal places)= Sample Size= 606 (b) the economist does not use any prior estimates? Answer: Sample Size= 1681
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