Multiple Choice
The federal government would like to estimate the proportion of families with no savings. A pilot sample of 60 families found that 18 had no savings. The total sample size needed to construct a 95% confidence interval for the proportion of families with no savings with a margin of error equal to 6% is_________ .
A) 225
B) 425
C) 397
D) 460
Correct Answer:
Verified
Correct Answer:
Verified
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