A bank estimated that the standard error for a 95% confidence interval for the proportion of a
Question:
A bank estimated that the standard error for a 95% confidence interval for the proportion of a certain demographic group that may default on a loan is 0.31. The lower confidence limit was calculated as 0.15. What is the upper confidence limit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
CI for a Proportion Standard error 031 Low...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A 95% confidence interval for the proportion of all people who have salary greater than $85,000 has which of the following limits? a. 0.438 to 0.662 b. 0.452 to 0.648 c. 0.422 to 0.678 d. 0.468 to...
-
A 90% confidence interval for the proportion of coffee drinkers that add sugar and creme has results in the following output: one sample proportion summary confidence interval: p: proportion of...
-
For comparing two binomial samples, show that the standard error (3.1) of a log odds ratio increases as the absolute difference of proportions of successes and failures for a given sample increases.
-
3. Using an AD-AS model, can you answer whether a tax that improves people's health could have any potential long-term benefits for the economy.
-
Refer to Exercise 14.51; 90%. Procedure 14.2 Regression t-Interval Procedure Purpose To find a confidence interval for the slope, 1, of the population regression line Assumptions The four assumptions...
-
An investment company recently issued convertible bonds with a $1,000 par value. The bonds have a conversion price of $25 a share. At the time of issue, the company's underlying stock price is $20....
-
For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash loaned to borrowers b. Cash paid as interest...
-
Refer to the list of income statement items in Problem 2-6. Assume that Shaw Corporation classifies all operating expenses into two categories: (1) Selling and (2) General and administrative....
-
Required information [The following information applies to the questions displayed below.] Widmer Watercraft's predetermined overhead rate for year 2013 is 200% of direct labor. Information on the...
-
Alice has invented a new card game to play with Bob. Alice made a deck of cards with random values between 1 and 52. Bob picks 5 cards. Then, he has to rearrange the cards so that by utilizing the...
-
A survey of 50 young professionals found that they spent an average of $19.31 when dining out, with a standard deviation of $12.11. Can you conclude statistically that the population mean is greater...
-
For the data in the Excel file Debt and Retirement Savings, find 95% confidence intervals for the mean income, long-term debt, and retirement savings. Use the appropriate formulas and Excel functions.
-
BC's quality assurance programme chooses a random sample of 50 units and finds that 12 are defective. What is the number of defectives they can be 95% confident that the population mean is below?...
-
An economics professor at Prances University devotes 50 percent of her time to teaching, 35 percent of her time to research and writing, and 15 percent of her time to service activities such as...
-
Jackson Company reports net sales of \(\$ 500\), cost of sales of \(\$ 300\), and net income of \(\$ 50\). What is the gross profit percentage and return on sales ratio for Jackson? a. Gross profit...
-
MacKenzie Enterprises includes the following accounts in its general ledger. Explain why each of these accounts may need to be adjusted. a. Rent Payable b. Unearned Revenue c. Prepaid Subscriptions...
-
Define temporary account. Provide an example.
-
Evan Corporation provided consulting services for Kensington Company in 2018. Evan incurred costs of \(\$ 60,000\) associated with the consulting and billed Kensington \(\$ 130,000\). Evan paid \(\$...
-
Consider a set of points, where most points are in regions of low density, but a few points are in regions of high density. If we define an anomaly as a point in a region of low density, then most...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
A private foundation has offered $3 million to allocate to cities to help fund programs that aid the homeless. Grant proposals were received from cities A, B, and C seeking assistance of $750,000,...
-
The marketing manager for Glissen Paint is working on the weekly sales and marketing plan for the firms industrial and contractor sales staff. Glissens sales representatives contact two types of...
-
A paper recycling company converts newspaper, mixed paper, white office paper, and cardboard into pulp for newsprint, packaging paper, and print-stock quality paper. The recycler is currently trying...
-
The goal of this assignment is to demonstrate that you are able to build a logistics network. You will imagine that you run a company that markets a product on Amazon and you need to stock your...
-
content area top Part 1 A manager estimates the annual after-tax international investment free cash flow from an investment, determines its present value, and then determines it will take to recoup...
-
You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project A B Year 0 -$51 - $100 a. What are the IRRS of the two projects? Year 1...
Study smarter with the SolutionInn App