(Answered)-8.48 In response to the question “How do you judge a company?” 84% said the most important way was..

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8.48 In response to the question “How do you judge a company?” 84% said the most important way was how a company responded to a crisis. (Data extracted from “How Do You Judge a Company?” USA Today, December 22, 2008, p. 1B.) a. If you conduct a follow-up study to estimate the population proportion of individuals who said that the most important way to judge a company was how the company responded to a crisis, would you use a of 0.84 or 0.50 in the sample size formula? Discuss. b. Using your answer to (a), find the sample size necessary to estimate, with 95% certainty, the population proportion to with

 

Solution ID:10137862 | Question answered on 16-Oct-2016

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