Provide an Appropriate Response $( 0.438,0.642 )$ Using the Information Above, What Size Sample Would Be

question 32

Multiple Choice

Provide an appropriate response.
-A confidence interval was used to estimate the proportion of math majors that are female. A random sample of 72 math majors generated the following confidence interval: $( 0.438,0.642 )$ . Using the information above, what size sample would be necessary if we wanted to estimate the true proportion to within $3 \%$ using $99 \%$ reliability?

• A) 1831
• B) 1842
• C) 1916
• D) 1769

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Definitions:

Wider Selection

A broader array of choices or options available in a specific context, such as products, services, or goods.

Price Inelastic

Describing a situation where the demand for a product does not significantly change with a change in the product's price.

Price Elastic

A measure of how the quantity demanded of a product or service changes in response to a change in its price.

Sales Volume

The total quantity of goods or services sold within a specific period, often used as an indicator of business performance.