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Category > Statistics Posted 09 May 2017 My Price 7.00

To estimate the proportion of unemployed workers

To estimate the proportion of unemployed workers in Panama, an economist selected at random 400 persons from the working class. Of these, 25 were unemployed.

a Estimate the true proportion of unemployed workers and place bounds on the error of estimation.

b How many persons must be sampled to reduce the bound on the error of estimation to .02?

 

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Status NEW Posted 09 May 2017 10:05 AM My Price 7.00

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file 1494325280-Answer.docx preview (130 words )
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