How large a sample is needed to estimate the population proportion for each of the following? a.
Question:
a. ME = 0.05; α = 0.01
b. ME = 0.05; α = 0.10
c. Compare and comment on your answers to parts a and b.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (15 reviews)
To estimate the population proportion a 66564 Ta...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted:
Students also viewed these Statistics questions
-
How large a sample is needed to estimate the population mean for the amount of money a person spends on Christmas presents within $2 and be 95% confident? The standard deviation of the population is...
-
How large of a sample is needed to estimate the mean of a normally distributed population for each of the following? a. ME = 5; = 40; = 0.01 b. ME = 10; = 40; = 0.01 c. Compare and comment on...
-
How large a sample is needed in Problem 9 if we wish to be 95% confident that the sample percentage of those equating success with personal satisfaction is within 1% of the population percentage? Use...
-
A saver invests 100,000 in a savings account which pays a stated annual rate of interest of 4.5% compounded quarterly. Assuming no additional deposits or withdrawals, how much is in the account at...
-
Does an umbrella liability policy require other insurance policies to cover an insured loss first?
-
Let {X, Y, Z, IV) be an independent set in Rn. Which of the following sets is independent? Support your answer. (a) {X - Y, Y-Z,Z-X] (b) {X + Y, Y+Z,Z + X) (c) {X - Y, Y-Z, Z- W, W - X) (d) {X + Y,...
-
On 1 July 2025 Costopoulos, Hashmi and Torcello decided to enter into a partnership agreement, some of the relevant information is as follows. 1. Costopoulos contributed \($27200\) cash, inventory...
-
Flint Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the parts are machined through two processes: milling and finishing. Parts are...
-
15. If y = 3x-4x+2 then slope at x = 1 is: (1) 1 (2) 2 (3) 4 (4) -2 16. sin240 = ? (1) - 2 (3) 3 1/2 17. Value of sin 2 is (4) (2) 12 (1) 23 (2) (3) 90 180 (4) 0 18. The rate of mass of the gas...
-
Complete the method named charsearch in the class definition for Listops that will search the object attribute xlist (a list of strings) and return the number of strings that begin with the input...
-
How large a sample is needed to estimate the population proportion for each of the following? a. ME = 0.03; = 0.05 b. ME = 0.05; = 0.05 c. Compare and comment on your answers to parts a and b.
-
A research group wants to estimate the proportion of consumers who plan to buy a scanner for their PC during the next 3 months. a. How many people should be sampled so that the sampling error is at...
-
The double pulley shown is attached to a 0.5-in.-radius shaft which fits loosely in a fixed bearing. Knowing that the coefficient of static friction between the shaft and the poorly lubricated...
-
Two candles start burning at the same time. one candle is 15 cm tall and burn and burns at a rate of 5 cm every 6 hours. The other candle is 25 cm tall at a rate of 2 1/2 cm every hour How tall will...
-
Find the x-intercept of the following line. y=-(9)/(4)x-1 Leave coordinates as fractions, if necessary. Give your answer as an ordered pair (a,b).
-
Federal law requires banks to report to the government all currency transactions that exceed $10,000. Which type of crime is this intended to prevent?
-
Exponentially Smoothed Series (a = 0.8) Ratio 1.48 The table below shows the inventory-sales ratio for manufacturing and trade for a region over a period of 8 years. Use the method of simple...
-
The variable cost of goods sold in Oak Prescott Industries, located in Texas, totaled $360.000. Fixed marketing expenses totaled $132.000 and variable marketing expenses were $310.000. If Oak...
-
Basic Management Functions Involve HR Responsibilities. a. What are additional examples of each management function applicable to HR that might be the responsibility of top-level managers, mid-level...
-
Which of the following is FALSE regarding the purchasing power parity (PPP). a. The PPP is a manifestation of the law of one price b. The PPP says that a country with a higher expected inflation can...
-
A process that is in control has a mean of = 12.5 and a standard deviation of = .8. a. Construct the x-bar control chart for this process if samples of size 4 are to be used. b. Repeat part (a) for...
-
For an acceptance sampling plan with n = 25 and c = 0, find the probability of accepting a lot that has a defect rate of 2%. What is the probability of accepting the lot if the defect rate is 6%?
-
Consider an acceptance sampling plan with n = 20 and c = 0. Compute the producer's risk for each of the following cases. a. The lot has a defect rate of 2%. b. The lot has a defect rate of 6%.
-
Annuity Payments Go to www.fcfcorp.com/onlinecalc.htm. Use the calculator to solve this problem. If you have $1,500,000 when you retire and want to withdraw an equal amount for the next 30 years, how...
-
Calculating Future Values Go to www.dinkytown.net and follow the Savings Calculator link. If you currently have $10,000 and invest this money at 9 percent, how much will you have in 30 years? Assume...
-
In 2023, Amanda and Jaxon Stuart have a daughter who is 1 year old. The Stuarts are full-time students and are both 23 years old. Their only sources of income are gains from stock they held for three...
Study smarter with the SolutionInn App