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You Wish to Construct a 95% Confidence Interval to Compare

question 20

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You wish to construct a 95% confidence interval to compare two proportions.If we wish to obtain a margin of error of at most 0.03,what sample size should we take from each group? Assume equal sample sizes.


Definitions:

Take-Home Pay

The amount of income that an individual actually receives after deductions, such as taxes and social security, have been subtracted from their gross salary.

SUTA Tax

A state-level tax that employers pay to fund their state's unemployment benefits programs, with rates and wage bases that can vary by state.

FUTA Tax

A federal tax in the United States paid by employers to fund unemployment benefits.

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including Social Security, Medicare, and unemployment taxes.

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