A Researcher Is Conferring with a Client to Do a Telephone

question 27

Essay

A researcher is conferring with a client to do a telephone interview for a particular topic,which the researcher will subcontract to a field services firm for $10 per usable response.The researcher's client wants to be 95.44% confident of the results.Assume the sample proportions formula is appropriate,and that the level of tolerable sample error is 4%.The budget for data collection only offered by the client can be up to but not over $10,000.How many usable responses are needed for the given level of confidence and much will the subcontractor charge the market researcher for sampling? Is the budget for data collection large enough?

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Definitions:

Genetics

The scientific study of heredity and the variation of inherited characteristics.

Cerebral Cortex

The outer layer of the brain, involved in complex functions such as thought, perception, and memory.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature, hunger, and thirst regulation.

Thalamus

A vital brain structure acting as the main relay station between the cerebral cortex and the rest of the nervous system.