64 723
Assignments Done
99,4%
Successfully Done
In September 2018

Answer to Question #20566 in Statistics and Probability 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?
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.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions