n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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Calculate the 95% margin of error in estimating a binomial proportion p for the following sample size. Use p = 0.6 to calculate the standard error of the estimator. (Round your answer to three decimal places.)
n = 5,000
USE SALT
Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error.
O As the sample size increases the margin of error remains relatively constant.
O As the sample size increases the margin of error decreases.
O As the sample size increases the margin of error also increases.
Transcribed Image Text:Calculate the 95% margin of error in estimating a binomial proportion p for the following sample size. Use p = 0.6 to calculate the standard error of the estimator. (Round your answer to three decimal places.) n = 5,000 USE SALT Consider that for p = 0.6 and sample sizes of n = 30, n = 100, and n = 400 the margins of error are 0.175, 0.096, and 0.048 respectively. Comment on how an increased sample size affects the margin of error. O As the sample size increases the margin of error remains relatively constant. O As the sample size increases the margin of error decreases. O As the sample size increases the margin of error also increases.
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