BUS 461-You have been assigned to determine whether
Question # 00479766
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Updated on: 02/08/2017 12:29 AM Due on: 02/08/2017
You have been assigned to determine whether more people prefer Coke or Pepsi. Assume that roughly half the population prefers Coke and half prefers Pepsi. How large a sample do you need to take to ensure that you can estimate, with 95% confidence, the proportion of people preferring Coke within 2% of the actual value?Show work.
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Solution: BUS 461-You have been assigned to determine whether