A Researcher Is Conferring with a Client to Do a Telephone

Essay

A researcher is conferring with a client to do a telephone interview for a particular topic,which the researcher will subcontract to a field services firm for $10 per usable response.The researcher's client wants to be 95.44% confident of the results.Assume the sample proportions formula is appropriate,and that the level of tolerable sample error is 4%.The budget for data collection only offered by the client can be up to but not over $10,000.How many usable responses are needed for the given level of confidence and much will the subcontractor charge the market researcher for sampling? Is the budget for data collection large enough?