Asked by Dongmei Zhang on Jul 06, 2024
Verified
In order to determine the summer unemployment rate among college students in a university, a pilot sample was taken; and it was determined that ten percent of the individuals in the sample were unemployed.Using the results of the pilot study and a 95% confidence, what sample size would be required to estimate the proportion of unemployed college students in the university if we want the margin of error not to exceed 3 percent?
Unemployment Rate
The percentage of the labor force that is jobless and actively looking for employment.
Margin of Error
An expression of the amount of random sampling error in a survey's results, representing how much the results might differ from the true population value.
- Determine the necessary sample size to estimate population parameters with a specified margin of error.
- Formulate confidence intervals to determine population proportions.
Verified Answer
ZK
Learning Objectives
- Determine the necessary sample size to estimate population parameters with a specified margin of error.
- Formulate confidence intervals to determine population proportions.
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