A random sample from a large population produces a sample proportion of .4. Sample size is 500.

Question:

A random sample from a large population produces a sample proportion of .4. Sample size is 500. Build and interpret the 95% confidence interval estimate of the population proportion.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

See More Books

Question Posted: Jul 16, 2015 05:15 PM

See More Questions

Assuming a random sample from a large population, for which of the following null hypotheses and sample sizes n is the large-sample z test appropriate: a. H0: p = .2, n = 25 b. H0: p = .6, n = 210 c....
A random sample from a normal population yields the following 25 values: (a) Calculate an unbiased estimate of the population mean. (b) Give approximate 99% confidence interval for the population...
A random sample from a normal population yields the following 25 values: (a) Calculate an unbiased estimate 2 of the population variance. (b) Give approximate 99% confidence interval for the...
Suppose that in response to a negative supply shock, the Federal Reserve raises interest rates. Their reason for doing this might be to Keep the economy from overheating Shift SRAS to the right Move...
Many people have misconceptions about how profitable small, consistent investments can be. In a survey of 1,010 randomly selected American adults (Associated Press, October 29, 1999), only 374...
Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.35 million. The fixed asset will be depreciated straight-line to zero...
Intuition in decision-making can expedite decision-making (versus cognitive domains that are slow and deliberate), but it can fail or mislead us, too. How can that be?
Following is a traditional income statement for Mouse Max, a company that manufactures cordless mice for computers. Revenue ................................... $2,500,000 Cost of goods sold...
For this assignment, assume that you were discussing what you learned in this module with a friend, and they were so impressed with your knowledge that they asked you to help to evaluate their...
1. What did Mary's autocorrelation analysis show? 2. Fit an appropriate smoothing procedure to Mary's data, examine the residual autocorrelations, and generate forecasts for the remainder of...
The table shows a sample of late arrival times (in minutes) for two major airlines flying the route from New Yorks Kennedy Airport to Londons Gatwick Airport. a. Use a 95% confidence level and...
A random sample from a large population produces a sample proportion of .65. Sample size is 100. Build and interpret the 90% confidence interval estimate of the population proportion.
Molly Company manufactures both standard and customized electrical control boards for automated manufacturing machinery. The company recently completed installation of a robotic assembly unit. This...
You are a senior manager within a large organisation. Your role is to provide the organisation with the strategic vision of this business unit that meets organisational objectives. 1.1: ...
I fall into the generation mellineals . What are some characteristics of this generation as far as their work ethics go. Are there characteristics of this generatrion that can affect the way they...
How is ethics defined in research and why is it important? Discuss two different ways in which ethics can be compromised when conducting, using, and reporting data. Describe strategies that can be...
Search and locate a current international issue (an issue that affects more than one culture). 1. Describe the issue 2. Define and discuss the two or more cultures involved in the issue 3. Explain...
ABO blood group in humans is an example of multiple alleles and Co-dominance. Justify
A company decides to reduce losses of a threat by purchasing insurance, which is known as risk _______.
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
Consider the June 8, 2009, USA Today article titled Credit card delinquencies rise. a. What is the population? b. Name at least 3 variables that must have been used. c. Classify all the variables of...
Harris Interactive conducted an online poll of U.S. adults during August 2008 in anticipation of September being Library Sign-up Month. a. What is the population? b. Name at least 3 variables that...
Consider the May 12, 2009, USA Today article titled Simulated acupuncture eases pain. a. What is the population? b. What is the sample? c. Is this a judgment sample or a probability sample? d. If...
Use the extension of set-builder notation concepts and the roster method to write the given set. D= {2x-91xE N and x < 5}
Statement of financial position/Balance sheet structure Level of difficulty: Moderate Chugoku Electric Power Company, Inc., was established in 1951 as one of ten electric power companies in Japan. It...
60.Blackstone Company uses a process costing system and has 14,000 units remaining in the work-in-process inventory. These units are 75% and 40% complete with regard to materials and conversions...

A random sample from a large population produces a sample proportion of .4. Sample size is 500.

Question:

Step by Step Answer:

4 196 414500 or 4 043 We can be 95 confident that th...View the full answer

Understanding Business Statistics

Students also viewed these Statistics questions