Chapter 11: Problem 26
Consider a large population in which \(\rho\) percent (in decimal form) have a certain characteristic. To be reasonably sure that you are choosing a sample that is representative of a population, you should choose a random sample of \(n\) people where $$ n>9\left(\frac{1-\rho}{\rho}\right) \text {. } $$ a. Suppose \(\rho=0.5\). How large does \(n\) need to be? b. Suppose \(\rho=0.01\). How large does \(n\) need to be? c. What can you conclude from parts (a) and (b)?
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.