Mike and Joe are both plumbers. Mike charges an initial fee of $100 plus an hourly fee of $60. Joe charges an initial fee of $50
2 answers:
You might be interested in
Answer: 505
Step-by-step explanation:
The formula to find the sample size n , if the prior estimate of the population proportion (p) is known:
, where E= margin of error and z = Critical z-value.
Let p be the population proportion of crashes.
Prior sample size = 250
No. of people experience computer crashes = 75
Prior proportion of crashes
E= 0.04
From z-table , the z-value corresponding to 95% confidence interval = z=1.96
Required sample size will be :
(Substitute all the values in the above formula)
(Rounded to the next integer.)
∴ Required sample size = 505