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Sample Size of Americans Who Own Their House

The CEO of a company wants to estimate the proportion of Americans who own their house. What sample size should be obtained if he wants the estimate to be within 0.02 with 90% confidence if

a. He uses an estimate of 0.675 from the American Census Bureau?
b. He does not use any prior estimates?

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The CEO of a company wants to estimate the proportion of Americans who own their house. What sample size should be obtained if he wants the estimate to be within 0.02 with 90% confidence if
a. He uses an estimate of 0.675 from the American Census ...

Solution Summary

The solution estimates the number of Americans that own their house based on the sample size.

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