A research firm has been asked to determine the proportion of all restaurants in the state of
Question:
A research firm has been asked to determine the proportion of all restaurants in the state of Ohio that serve alcoholic beverages. The firm wants to be 98% confident of its results but has no idea of what the actual proportion is. The firm would like to report an error of no more than .05.How large a sample should it takes?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
p 50 E 05 98 Confid...View the full answer
Answered By
Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Question Posted:
Students also viewed these Statistics questions
-
A research company has been asked to determine the proportion of all restaurants in Western Australia that serve alcoholic beverages. The company wants to be 98% confident of its results, but has no...
-
Your engineering firm has been asked to determine the deceleration of a car during hard braking. To do so, you decide to measure the lengths of the skid marks when stopping from various initial...
-
A new accounting student has been asked to determine the balance that should be reported as cash and cash equivalents as at December 31 for one of the firm's clients. The following information is...
-
Fox rented a house from Chiodini, but before he moved in, he noticed exposed electrical wiring in the basement, so he refused to move in. City inspectors confirmed a code violation and Chiodini fixed...
-
1. Do you think Applebees approach to reducing employee turnover is fair and reasonable? Is it likely to engender too much stress on employees in low paying jobs? Explain your answer. 2. Do you think...
-
A paired sample study has been conducted to determine whether two populations have equal means. Twenty paired samples were obtained with the following sample results: Based on these sample data and a...
-
Describe how trend analysis can provide insight on whether a firm's financial position is improving or deteriorating.
-
Winnebago Industries manufactures motor homes. Adapted versions of the companys balance sheets (in $000) follow. Required Prepare a common-size balance sheet for each fiscal year, rounding all...
-
Custom Cabinetry has one job in process ( Job 1 2 0 ) as of June 3 0 ; at that time, its job cost sheet reports direct materials of $ 7 , 3 0 0 , direct labor of $ 3 , 8 0 0 , and applied overhead of...
-
TJs, Inc., makes three nut mixes for sale to grocery chains located in the Southeast. The three mixes, referred to as the Regular Mix, the Deluxe Mix, and the Holiday Mix, are made by mixing...
-
A national beauty spa chain wants to estimate the number of times per year a woman has her nails done at one of their spas if she uses one at least once a year. The chains researcher estimates that,...
-
The price of a head of iceberg lettuce varies greatly with the season and the geographic location of a store. During February a researcher contacts a random sample of 39 grocery stores across the...
-
Use an online directory, such as http://www.411.ca or http://www.yellowpages.ca, to find a company in your area that has a website that includes an annual report, with a cash flow statement. Make an...
-
Consider the case of Berghuis v. During their hours of questioning Thompkins, do you believe the law enforcement officials violated Thompkinss fifth amendment right against self-incrimination?...
-
Describe the SECs role in regulating securities transactions in the United States. Discuss the mission and purpose of the SEC.
-
Anheuser-Busch, owner of the Budweiser and Bud Light brands, was once the largest brewer in the United States, with a nearly 50 percent market share and annual revenues of \($16\) billion. In 2008, a...
-
Describe the advantages and disadvantages of forming a limited liability company (LLC) versus a corporation.
-
A uniform magnetic field exists in a circular area. A particle carrying charge \(q=5.0 \mathrm{mC}\) is placed in the field a distance \(r_{\mathrm{p}}=20 \mathrm{~mm}\) from the center of the...
-
For each of the following situations, check the appropriate writing strategy. Direct Strategy Indirect Strategy An announcement that must convince employees to stop smoking, start exercising, and opt...
-
Discuss the information available from the following techniques in the analysis of inorganic pigments used in antique oil paintings: (i) Powder X-ray diffraction, (ii) Infrared and Raman...
-
A single cylinder, single acting air compressor has a cylinder diameter of \(140 \mathrm{~mm}\) and stroke of \(2800 \mathrm{~mm}\). It draws air into the cylinder at a pressure of 1 bar and...
-
It appears that, over the past 50 years, the number of farms in Canada declined while the average size of farms (in hectares) increased. The following data show five-year interval data for Canadian...
-
Can the annual new orders for manufacturing be predicted by raw steel production? Shown here are the annual new orders for 10 years and the raw steel production for the same 10 years. Use these data...
-
Suppose milk is produced in a certain area. Some people might argue that because of transportation costs, the price of milk in stores increases with the distance of markets from that area. Suppose...
-
Assume that a robot systems constant failure and repair rates are 0.0004 failures per hour and 0.002 repairs per hour, respectively. Calculate the robot system steady-state unavailability and...
-
March 6, 2018 David Beckham's Latest Pitch: Men's Cosmetics. By Robert Williams Men of the world, David Beckham has a message for you: Moisturize. "It's the biggest thing," he says in a London...
-
3. On January 1, an investment fund was opened with an initial balance of 5000. Just after the balance grew to 5200 on July 1, an additional 2600 was deposited. The annual effective yield rate for...
Study smarter with the SolutionInn App