The minimum sample size required to estimate a population proportion or percentage is 306.
In statistics, a simple random sample is a subset of individuals chosen from a larger set in which a subset of individuals are chosen randomly, all with the same probability. It is a process of selecting a sample in a random way.
In order to determine the minimum sample size required to estimate a population proportion or percentage, we will use the following formula:
n = (z×p×q)/m²
where is the minimum sample size, z is the z-score corresponding to the desired confidence level, p is the population proportion, q is 1-p, and m is the desired margin of error.
In this case, the confidence level is 95%, so the corresponding z-score is 1.96. Since we don't know the population proportion, we will use the symbol p and q to represent it. Therefore, the formula becomes:
n = (1.96×p×q)/(0.04)²
To determine the minimum sample size, we need to determine the value of p and q. Since p + q = 1, if we set p to 0.5, then q will also be 0.5. Therefore, the minimum sample size is:
n = (1.96×0.5×0.5)/(0.04)² = 306.25
≈ 306
Therefore, the minimum sample size required to estimate a population proportion or percentage is 306.
Learn more about the random sample here:
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payout probability distribution:
Answer:
The expected value is $3.95
Step-by-step explanation:
Here, we want to get the expected value
Mathematically, what we have to do here is to multiply each of the probabilities by the pay out value, before we proceed to add up
We have this as;
0(0.5) + 0.2(5) + 0.15(8) + 10(0.1) + 15(0.05)
= 0 + 1 + 1.2 + 1 + 0.75 = 3.95
Answer:
3.00
Step-by-step explanation:
Given that :
Payout(X) : ___ 0 ___ 4 ___ 6 ____ 8 _____ 10
Probability (p(x) 0.5 _ 0.2 __0.15 __0.1 ___ 0.05
Expected value :E(X) = ΣX* p(x)
E(X) = (0*0.5) + (4*0.2) + (6*0.15) + (8*0.1) + (10*0.05)
E(X) = 3
Expected value = 3.00
Find the multiples of each number:
18: 1 , 2 , 3 , 6 , 9 , 18
24: 1, 2, 3, 4, 6 , 8, 12, 24
Now find the matching numbers:
1 , 2, 3 , 6
Answer:
(3,-5)
Step-by-step explanation:
The line y=-x is a positively sloped line that when reflected across changes all signs to their opposite counterpart. Positivee to negative, negative to positive.
1
2
3
0
Answer:
The number of solutions of the system is 0
Step-by-step explanation:
we know that
When solving a system of equations by graphing, the solution of the system is equal to the intersection point both graphs.
In this problem the graphs do not intersect
therefore
The number of solutions of the system is 0