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A researcher wants to construct a 98% confidence interval for the proportion of elementary school students in Seward County who receive free or reduced-price school lunches. A state-wide survey Indicates that the proportion is 0.60. Using this estimate, what sample size is needed so that the Confidence interval will have a margin of error of 0.07?
Standard Error
The standard deviation of the sampling distribution of a statistic, most commonly of the mean; it measures how precisely the mean of the sample estimates the population mean.
Point Estimate
A single value or statistic that serves as the best guess or most likely value for a population parameter based on sample data.
Population Means
The average or mean value of a particular characteristic of all individuals in a population.
Population Means
The average values of a trait or measurement within a given population.
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