# Answer on Statistics and Probability Question for Tyler

Question #20566

2. A Nationwide auto insurance manager wants to estimate the proportion of car owners, in a new market area, who purchase at least $1 million of liability coverage in their automobile insurance policies.

a. How large a sample should be chosen to estimate the proportion with a 95% error margin of 0.08?

Suppose the proportion is known to be about p_o=0.15.

b. How large a sample should be chosen to estimate the proportion with a 95% error margin of 0.08 if nothing is known about its value?

a. How large a sample should be chosen to estimate the proportion with a 95% error margin of 0.08?

Suppose the proportion is known to be about p_o=0.15.

b. How large a sample should be chosen to estimate the proportion with a 95% error margin of 0.08 if nothing is known about its value?

Expert's answer

Unfortunately, your question requires a lot of work and cannot be done for free.

Submit it with all requirements as an assignment to our control panel and we'll assist you.

Submit it with all requirements as an assignment to our control panel and we'll assist you.

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment