A Budget Airline Wants to Estimate What Proportion of Customers

question 15

Short Answer

A budget airline wants to estimate what proportion of customers would pay $10 for in-flight wireless access.Given that the airline has no prior knowledge of the proportion,how many customers would it have to sample to ensure a margin of error of no more than 5 percent for a 95% confidence interval?

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Definitions:

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment, serving as a comparison to assess the effect of the treatment.

Goals Of Psychology

To describe, explain, predict, and change behavior and mental processes through the application of scientific methods.

Describe

To give a detailed account or picture of a situation, event, pattern, or the like, in words.

Predict

The ability to foretell or forecast future events based on current data or observations.