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What is your estimate of the population size?, business and finance homework help
Assume that you are interested in doing a statistical survey and using confidence intervals for your conclusion. Describe a possible scenario and indicate what the population is, and what measure of the population you would try to estimate (proportion or mean) by using a sample.
- What is your estimate of the population size?
- What sample size will you use? Why?
- How will you gather information for your sample? Describe your process.
- What confidence percentage will you use? Why?
Assume that you have completed the survey and now state your results using a confidence interval statement. You can make up the numbers based on a reasonable result.
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