Laws of statistics indicate that surveys get more accurate with larger sample sizes. You want an accurate survey but your cost per respondent is $2 and your budget is $250. How many respondents can you survey?

Question

Mathematics

Kristen Mcpherson

16 February, 01:59

Laws of statistics indicate that surveys get more accurate with larger sample sizes. You want an accurate survey but your cost per respondent is $2 and your budget is $250. How many respondents can you survey?

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Answers (1)

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Jaime Morrow · Answer 1

You can survey 125 respondents.

You have a budget of $250. If each respondent costs $2, just divide 250 by 2 and you will have your answer.

250 / 2 = 125