(Step-by-Step) You wish to estimate with 95 percent confidence the proportion of families that own two cars. How large a sample do you need if you allow
Question:
You wish to estimate with 95 percent confidence the proportion of families that own two cars.
- How large a sample do you need if you allow an error of up to 2 percent in each direction?
- What will be the sample size if your prior estimate for p was 0.7?
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