In the past, 19% of all homes with a stay-at-home parent had the father as the stay-at-home parent. An independent research firm has been charged with conducting a sample survey to obtain more current information. (a) What sample size is needed if the research firm's goal is to estimate the current proportion of homes with a stay-at-home parent in which the father is the stay-at-home parent with a margin of error of 0.03? Use a 95% confidence level. (Round your answer up to the nearest whole number.)

A sample size of 657 is needed.

Step-by-step explanation:

In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of , we have the following confidence interval of proportions.

In which

z is the zscore that has a pvalue of .

The margin of error is:

95% confidence level

So , z is the value of Z that has a pvalue of , so .

In the past, 19% of all homes with a stay-at-home parent had the father as the stay-at-home parent.

This means that

(a) What sample size is needed if the research firm's goal is to estimate the current proportion of homes with a stay-at-home parent in which the father is the stay-at-home parent with a margin of error of 0.03?

A sample size of n is needed.

n is found when

Then

Rounding up to the nearest whole number.

A sample size of 657 is needed.

$20.01

step-by-step explanation:

the sale price is (1.00 - 0.77)($87), or 0.23($87), or $20.01.