An airline wants to estimate the proportion of business passengers on a new route from New York
Question:
An airline wants to estimate the proportion of business passengers on a new route from New York to San Francisco. A random sample of 347 passengers on this route is selected, and 201 are found to be business travelers. Give a 90% confidence interval for the proportion of business travelers on the airline's new route.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
n 347 x 2...View the full answer
Answered By
Joseph Ogoma
I have been working as a tutor for the last five years. I always help students to learn and understand concepts that appears challenging to them. I am always available 24/7 and I am a flexible person with the ability to handle a wide range of subjects.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
Question Posted:
Students also viewed these Statistics questions
-
The highway department wants to estimate the proportion of vehicles on Interstate 25 between the hours of midnight and 5:00 A.M. that are 18-wheel tractor trailers. The estimate will be used to...
-
A company wants to estimate the proportion of people who are likely to purchase electric shavers from those who watch the nationally telecast baseball playoffs. A random sample obtained information...
-
The administration wants to estimate the proportion of students at Pitcairn College (enrollment: 12,000) who favor a change in the pass/ fail grading system. A random sample of 200 students is...
-
Discuss the factors that impact on recruitment and selection in organisations. 1.regulatory and legislative factors 2.organisational factors 3.labour market factors.
-
Sue gets a total of 20 utils per week from her consumption of pizza and a total of 40 utils per week from her consumption of yogurt. The price of pizza is $1 per slice, the price of yogurt is $1 per...
-
After the success of the company?s first two months, Santana Rey continues to operate Business Solutions. (Transactions for the first two months are described in the Chapter 2 serial problem.) The...
-
Rudiger is sitting at his desk in his seventh-floor corner office in the city, gazing out over London and reflecting on life. At 43, he is at the top of his game. He has everything he could wish fora...
-
Heels, a shoe manufacturer, is evaluating the costs and benefits of new equipment that would custom fit each pair of athletic shoes. The customer would have his or her foot scanned by digital...
-
Required information [The following information applies to the questions displayed below] Wemerwoods Company uses a periodic inventory system. It entered into the following purchases and sales...
-
Sparkling Water, Inc., expects to sell 5 million bottles of drinking water each year in perpetuity. This year, each bottle will sell for $1.10 in real terms and will cost $0.89 in real terms. Sales...
-
Before launching its Buyers' Assurance Program, American Express wanted to estimate the proportion of cardholders who would be interested in this automatic insurance coverage plan. A random sample of...
-
A real estate agent needs to estimate the average value of a residential property of a given size in a certain area. The real estate agent believes that the standard deviation of the property values...
-
What are your beliefs and understandings about how top leaders influence organizational performance. To learn about your beliefs, please answer whether each item below is Mostly True or Mostly False...
-
Mr. Mandar was appointed general manager of the Krishna Manufacturing Center. He had joined the company around three years ago. Prior to joining this one, he had served another company for two years....
-
What are some popular types of collectibles? What important variables should be taken into account when investing in them?
-
Describe the different ways in which one can hold gold and other precious metals as a form of investing. Discuss gemstone investments in terms of quality, commissions, and liquidity.
-
What are the three basic forms of tangible investments? Briefly discuss the investment merits of tangibles. Be sure to note the key factors that affect the future prices of tangibles.
-
What are other tangibles? Briefly describe the conditions that tend to cause tangibles to rise in price.
-
One study used a convenience sample drawn from clients utilizing two community-based obstetric offices in an area with lower socioeconomic status. The sample was drawn largely from the community...
-
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
-
The histogram in Figure is constructed from a simple random sample of children. If you construct a histogram with data collected from a voluntary response sample, will the distribution depicted in...
-
NASA provides these duration times (in minutes) of all flights of the space shuttle Challenger: 7224, 8784, 8709, 11,476, 10,060, 11,844, 10,089, 11,445, 10,125, 1.Why does it not make sense to...
-
When it refers to a normal distribution, does the term normal have the same meaning as in ordinary language? What criterion can be used to determine whether the data depicted in a histogram have a...
-
Discuss with examples about financial innovation& how it develops banking industry?
-
Elaborate with real world examples about different financial markets that contributed towards growth of financial sector?
-
The following statement of financial position is for the partnership of Able, Brown, and Crown at November 1, 2018. Assets Liabilities Cash $ 20,000 Accounts payable $ 50,000 Other assets 180,000...
Study smarter with the SolutionInn App