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Solve the problem.
-The sample size needed to estimate the difference between two population proportions to within a margin of error with a confidence level of can be found as follows: in the expression
replace and by (assuming both samples have the same size) and replace each of , and by (because their values are not known) . Then solve for .
Use this approach to find the size of each sample if you want to estimate the difference between the proportions . and women who plan to vote in the next presidential election. Assume that you want confidence that your no more than .
External Benefit
A positive effect experienced by a third party due to an economic transaction they were not directly involved in.
Copper Mining
The process of extracting copper from the Earth, which is a crucial resource for electrical wiring, plumbing, and various alloys.
Water Users
Individuals or groups that utilize water resources for purposes such as agriculture, industry, or domestic use.
Marginal Social Benefit
The incremental value for society resulting from the creation of an additional unit of a good or service.
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