[Solution] Home Ownership - An urban economist wishes to estimate the proportion of Americans who own their house. What size sample should be obtained if
Question: Home Ownership – An urban economist wishes to estimate the proportion of Americans who own their house. What size sample should be obtained if he wishes the estimate to be within 0.02 with 90% confidence if
- He uses an estimate of 0.675 from the fourth quarter of 2000 obtained from the U.S. Census Bureau?
- He does not use any prior estimates?
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