Analyzing requirements of confidence interval


Assignment:

Based on a client’s requirements of a confidence interval of 99.74 percent and acceptable sampling error of 2 percent, a sample size of 500 is calculated. The cost is estimated at $20,000. The client replies that the budget for this project is $17,000. What are the alternatives?

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Basic Statistics: Analyzing requirements of confidence interval
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