Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000 - Document preview page 1

Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000 - Page 1

Document preview content for Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000

Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000

Calculates sample size for a statistical study.

Lily Green

Contributor

4.3

12 months ago

Preview (2 of 1 Pages)

100%

Page 1 of 2

Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000 - Page 1 preview image

CalculatingtheSampleSizeforEstimatingtheProportionofTouristsinLasVegasSpendingOver$1,000Pastsurveysrevealthat30%oftouristsgoingtoLasVegastogamblespendmorethan$1,000.TheVisitor'sBureauofLasVegaswantstoupdatethispercentage.a.Thenewstudyistousethe90%confidencelevel.Theestimateistobewithin1%ofthepopulationproportion.Whatisthenecessarysamplesize?(Roundyouranswertothenextwholenumber.)2zA(Zoos)?_1.645\%__Samplesize2p*(1—p)*(Bs)=030.7*(35)=5682.65=5683b.TheBureaufeelsthesamplesizedeterminedaboveistoolarge.Whatcanbedonetoreducethesample?Basedonyoursuggestion,recalculatethesamplesize.(Hint:Useanallowableerrorintherangeof0.01to0.05)(Roundyouranswertothenextwholenumber.)—StudyXY

Page 2 of 2

Calculating the Sample Size for Estimating the Proportion of Tourists in Las Vegas Spending Over $1,000 - Page 2 preview image

DownloadedfromStudyXY.com®+StudyXYSdYe.o>\|iF’prE\3SStudyAnythingThisContentHasbeenPostedOnStudyXY.comassupplementarylearningmaterial.StudyXYdoesnotendroseanyuniversity,collegeorpublisher.Allmaterialspostedareundertheliabilityofthecontributors.wv8)www.studyxy.com

Report

Study Now!

X-Copilot AI

Unlimited Access

Secure Payment

Instant Access

24/7 Support

Document Chat

Document Details

Subject

Statistics

Learning Tools

Writing Tools

Browse Resources