You are interested in studying the proportion of people 65 years or older that have an...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are interested in studying the proportion of people 65 years or older that have an active Netflix subscription. You interview 65 random people that are 65 years or older that live in the United States. 23 of them claim to have an active Netflix subscription. a) [1 point] Define the parameter of interest. b) [2 points] State and check if the assumptions needed for constructing the appropriate CI for the parameter of interest are satisfied. c) [3 points] Find a 90% confidence interval for the parameter defined in part a). (Use the provided table, not the calculator to find the appropriate critical value.) d) [2 points] Write a sentence to interpret the CI computed in part c). You are interested in studying the proportion of people 65 years or older that have an active Netflix subscription. You interview 65 random people that are 65 years or older that live in the United States. 23 of them claim to have an active Netflix subscription. a) [1 point] Define the parameter of interest. b) [2 points] State and check if the assumptions needed for constructing the appropriate CI for the parameter of interest are satisfied. c) [3 points] Find a 90% confidence interval for the parameter defined in part a). (Use the provided table, not the calculator to find the appropriate critical value.) d) [2 points] Write a sentence to interpret the CI computed in part c).
Expert Answer:
Related Book For
Social Statistics For A Diverse Society
ISBN: 9781483333540
7th Edition
Authors: Chava Frankfort Nachmias, Anna Leon Guerrero
Posted Date:
Students also viewed these accounting questions
-
A researcher was interested in studying the phenomenon known as social distance, the reluctance of people to associate with members of different ethnic and racial groups. She designed and experiment...
-
An economist is interested in studying the relationship between length of unemployment and job-seeking activity among white-collar workers. He interviews a sample of 12 unemployed accountants as to...
-
You are interested in studying the variability of crimes committed (including violent and property crimes) and police expenditures in the eastern and Midwestern United States. The U.S. Census Bureau...
-
An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 43 hours during the week. Assume that the FICA tax rate is 7.5%...
-
What are the stages in the product adoption process, and how do they affect the commercialization phase?
-
Explain : An office building is renting for $10/sf, with 50,000 total leasable square feet. Office buildings in the area are selling for cap rates of 5.5%. What information do you have and what are...
-
Consider the situation of Example 12.10. Rather than shorting a futures contract, the U.S. firm could borrow \(500 /\left(1+r_{G} ight)\) euros (where \(r_{G}\) is the 90-day interest rate in...
-
Given that z is a standard normal random variable, compute the following probabilities. a. P(z 1.0) b. P(z 1) c. P(z 1.5) d. P(2.5 z) e. P( 3 < z 0)
-
A 2.00-kg block of copper at 19.0C is dropped into a large vessel of liquid nitrogen at 77.3 K. How many kilograms of nitrogen boil away by the time the copper reaches 77.3 K? (The specific heat of...
-
Hong Kong Island features steep, hilly terrain, as well as hot and humid weather. Travelling up and down the slopes therefore causes problems; this has led the city authorities to imagine rather...
-
Boxton Inc. is a Canadian private company that uses a December 31 taxation year. Its financial\ statements are based on ASPE. For the year ending December 31, 2022, these financial\ statements show...
-
First, using the assigned reading, explain the differences between strategic and tactical decisions. Also address how they are related to each other. Second, give a real-life example of each from...
-
Consider the route selected in the previous phase for the development of the following points. 1. Mention: a. Two advantages and two disadvantages of using charismatic leadership. b. Two necessary...
-
From a resort management perspective, what does the ideal seashore consist of? Name a few of the factors that make a great beach resort. What is a bulkhead, and what role does it play in marinas?...
-
A "read & sign" sheet does not in any way confirm knowledge and understanding. State and briefly explain two (2) valid methods for testing whether Federal aviation safety officer had acquired the...
-
1. prepare the consolidation worksheet entries for December 31, 2021; 2. prepare the consolidation worksheet entries for December 31, 2022. Assuming during 2022, Sierra reports net income of 200,000...
-
The U.S. residential construction contracting industry is composed of about 160,000 firms (single-location companies and units of multilocation companies) that renovate and build residential...
-
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
-
For each of the following examples, indicate whether it involves the use of descriptive or inferential statistics. Justify your answer. a. The number of unemployed people in the United States b....
-
Construct measures of political participation at the nominal, ordinal, and interval-ratio levels. Discuss the advantages and disadvantages of each.
-
We compare educational attainment between native born and foreign born in 2010. Native born refers to anyone born in the United States. The comparative table identifies four categories of education....
-
How the duration of a sprint can be decided?
-
Why estimating software development effort is so difficult? What are the obstacles?
-
Why is the stateless pattern preferable to stateful?
Study smarter with the SolutionInn App