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Subject:
statistics
Category: Business and Money > Economics Asked by: jabeda-ga List Price: $10.00 |
Posted:
30 Oct 2003 04:41 PST
Expires: 30 Oct 2003 16:29 PST Question ID: 271087 |
If I want to buy new candy on the market, how large a sample should I take to be within 0.04 based on a 90% confidence level. will appreciate if someone can show me how this is done regards Jabeda |
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There is no answer at this time. |
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Subject:
Re: statistics
From: chicago25-ga on 30 Oct 2003 07:33 PST |
I'm not sure I completely understand your question, but there are a number of sample size calculators on the internet. Here are a few links to try: http://www.azplansite.com/samplesize.htm http://www.grapentine.com/calculator.htm http://www.opinionsearch.com/en/tools/calculator.asp Plugging in your numbers results in a sample size of 425. (Depending on the size of the population you're dealing with, you may need to add the total population into the calculators.) |
Subject:
Re: statistics
From: jabeda-ga on 30 Oct 2003 16:29 PST |
can you for your help I have managed to find a book in the library which has explained to me thoroughly it is solved with formula n = p(1-p) [z/E]~2 n = 0.25 [1.65/0.04]~2 = 4.25 so the answer you stated is correct using the above procedure |
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