Question:How
hard is it to reach a buisnessperson by phone? Let p be the
proportion of...
Question
How
hard is it to reach a buisnessperson by phone? Let p be the
proportion of...
How
hard is it to reach a buisnessperson by phone? Let p be the
proportion of calls to buisnesspeople for which the caller reaches
the person being called on the first try.
(a) If you have no preliminary estimate for p, how mant
buisness phone calls should you include in a random sample to be
80% sure that the point estimate p^ will be within a distance from
0.05 from p?
(b) A report states that buisnesspeople can be reached by a
single phone call approximately 13% of the time. Using this
(national) estimate for p, answer part (a).