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:

Temperature

A measure of the thermal energy of an object or environment, indicating how hot or cold it is.

Pressure

The feeling of stressful urgency caused by the perception of the need to perform or act quickly.

Cortex

The outermost layer of the brain, responsible for higher-order brain functions such as thought, memory, and decision-making.

Parasympathetic

Part of the autonomic nervous system that conserves energy by slowing the heart rate and increasing digestive and glandular activity.