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A survey 铿乺m wants to ask a random sample of adults in Ohio if they support an increase in the state sales tax from 5%% to 6%, with the additional revenue going to education. Let p^denote the proportion in the sample who say that they support the increase. Suppose that 40%of all adults in Ohio support the increase. How large a sample would be needed to guarantee that the standard deviation of p^is no more than 0.01?

(a)1500

(b) 2400

(c)2401

(d) 2500

(e)9220

Short Answer

Expert verified

The sample that would be needed to guarantee that the standard deviation of p^is no more than0.01 is b)2400.

Step by step solution

01

Given Information

We are given that the p^denote the proportion in the sample who say that they support the increase.

We need to find that sample would be needed to guarantee that the standard deviation of p^is no more than 0.01.

02

Simplify

First of all , we will use standard deviation for the estimation because it is proportion to population,

SDp^=p1-pn, here p^ denote the proportion in the sample who say that they support the increase, we have to find out n.

Now standard deviation should not be more than0.01

0.40.6n0.010.40.6n=0.012

We will multiply n on other side, by simplifying we will find value of n;

n0.40.60.012n2400

If the sample size is at least 2400 then condition would be satisfied which is standard deviation would be 0.01 or less . So answer is 2400.

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