Question

In an election there are two candidates. Being a statistician, you are interested in predicting the result of the election. So, you plan to conduct a survey. Using the learning skill of this course answer the following question. How many people should be surveyed to be at least 90% sure that the estimate is within 0.03 of the true value?

24 Apr 2024
Answer :
Word Count : 402

To solve this problem, we'll use the concept of sampling distribution, specifically the binomial distribution, since we have two possible outcomes (voting for Candidate A or Candidate B) and we want to estimate the proportion of people voting for one candidate.

Let's denote:
- \( p \) as the proportion of people voting for one candidate (let's say Candidate A).
- \( n \) as the sample size (the number of people surveyed).
- \( \hat{p} \) as the sample proportion.

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