Many television viewers express doubts about the validity of certain commercials. In an attempt to answer their critics, Timex Group USA wishes to estimate the proportion of consumers who believe what is shown in Timex television commercials. Let prepresent the true proportion of consumers who believe what is shown in Timex television commercials. What is the smallest number of consumers that Timex can survey to guarantee a margin of error of 0.05or less at a 99%confidence level?

(a) 550

(b) 600

(c) 650

(d) 700

(c)750

Short Answer

Expert verified

(c)650

Step by step solution

01

Step-1 Given Information

Given in the question that,

Mirror of error(E)=5%=0.05

confidence level =99%we have to find the correct option.

02

Step-2 Explanation

The formula to compute the sample size is:

n=p1-pzE2

From the standard normal table, the z-score at 99%confidence level is 2.576

Consider, sample proportion to be0.05.

The sample size is calculated as:

n=p1-pzE2

role="math" localid="1649224673729" =0.501-0.502.5760.052

=664

Here, the smallest sample size is required. Thus, the minimum sample size is 650. Hence, the correct option is (c).

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Most popular questions from this chapter

In each of the following situations, discuss whether it would be appropriate to construct a one-sample tinterval to estimate the population mean.

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