Surveys get more accurate with larger sample sizes. You want an accurate survey, but your cost per respondent is $3 and your bud

Question

3 years ago

6

get is $1,000. How many respondents can you survey?

1 answer:

iren2701 [21] · Answer 1 · 2022-04-17T09:22:50+03:00

You can survey a maximum of 333 respondents

Step-by-step explanation:

The total budget available for completing the survey is

$B=1000 \$$

While the cost per respondent in the survey is

$b=3\$$

If we survey $n$ respondent during the survey, then the total cost will be

$cost=nb$

Since the cost cannot be larger than the budget B, then we can write:

$B=nb$

And solving for n,

$n=\frac{B}{b}=\frac{1000}{3}=333.3\sim 333$

So you can survey a maximum of 333 respondents.

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