To estimate the proportion of unemployed workers in Panama, an economist selected at

Chapter 8, Problem 8.109

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To estimate the proportion of unemployed workers in Panama, an economist selected at random 400 persons from the working class. Of these, 25 were unemployed. a Estimate the true proportion of unemployed workers and place bounds on the error of estimation. b How many persons must be sampled to reduce the bound on the error of estimation to .02?

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