Proportion

Minimum Sample Size Calculator for Population Proportion Confidence Interval

If you are conducting a survey, you will need to decide on the number of people you need to sample. That, of course, depends upon how confident you want to be and how accurately you want to predict the population proportion based on your survey results. If you want to be 95% confident, that is …

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No Standard Deviation? How do I get the standardized test statistic?

I get this question a lot in my BUS 233 Business Statistics course. It comes when students see a problem similar to the following in their homework or on a quiz: In a sample of 1000 home buyers, you find that 457 home buyers found their real estate agent through a friend. At α=0.08, can …

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