FREE Trial

A market researcher for a provider of iPod accessories wants to know the proportion of customers who own cars to

Question:

A market researcher for a provider of iPod accessories wants to know the proportion of customers who own cars to assess the market for a new iPod car charger. A survey of 500 customers indicates that 76% own cars.

a) What is the standard deviation of the sampling distribution of the proportion?

b) How large would the standard deviation have been if he had surveyed only 125 customers (assuming the proportion is about the same)?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 66% (3 reviews)

a The mean proportion of the sampling model is 0 76 w…View the full answer


answer-question
Answered By
tutor-profile-image
Mohit Kumar
Hey there, I have a teaching experience of 5+ years in civil engineering and this journey started by guiding my juniors and further I am here to make that thing simple and easy for you. If it is related towards civil engineering and some topics of physics as well. Share it with me and let it be piece of cake for you.
0.00 0 Reviews 10+ Question Solved
Related Book For  answer-question
Business Statistics

Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: May 14, 2015 09:22:26
See More Questions

Students also viewed these Statistics questions

Q:
What is the standard deviation of a sampling distribution called?
A:
The......
Q:
What would Juan's profit have been if he had sold all of his gold in 1980? In 1978 Juan bought 50 ounces of gold for $1,750 as protection against rising inflation. He sold half the gold in 1980 at a...
A:
If Juan had sold all of his gold in......
Q:
A popular travel website wants to know the proportion of visitors that prefer warm over cold vacation climates. Viewers are asked to answer "sun" or "snow" to a provided number. Eighty-two percent of...
A:
The condition which is no......
Q:
Compare to traditional organizational development approaches. To get back on track and find a way to function more smoothly, should this taskforce use an Appreciative Inquiry approach or a more...
A:
Organizational Development Approach Perhaps Appreciative......
Q:
The raw data for Problem 22, from Freund (1979), appear below. For the model of Problem 22, a. Fit the model. b. What discrepancies do you note between the results of (a) and the data summary...
A:
a Y 0 1 MAXAT 2 MINAT 3 AVAT 4 MAXST 5 MINST 6 AVST 7 MAXH 8 MINH 9 AVH 10 WIND E in which Y denotes daily soil evaporation b H 0 0 0 H A 0 0 T 0 957 35 df P 0 345 At 0 05 we do not reject H 0 and con......
Q:
Garden Wizards provides gardening services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared annually at...
A:
a GARDEN WIZARDS Income Statement For the Year Ended December 31 2011 Revenues Service revenue earned 194 000 Expenses Insurance expense 1 800 Office rent expense 28 000 Supplies expense 5 600 Salary......
Q:
Elon Musk cofounded Tesla in 2003 with the vision of making electric cars that could rival, and even replace, traditional gas-engine cars in the consumer marketplace. At the start of the 21st...
A:
Critical thinking questions 1 What PESTEL factors supported Teslas success Which factors posed challenges PESTEL factors that supported Tesla s success Environment Increased awareness of climate chang......
Q:
The Gutchi Company manufactures purses, shaving bags, and backpacks. The construction of the three products requires leather and synthetics, with leather being the limiting raw material. The...
A:
X 1 nbr Purses day X 2 nbr Bags day X 3 nbr Backpacks day Maximize z 24x 1 22x 2 45x 3 S t 2x 1 x 2......
Q:
Which one of the scales is the most reliable? Explain. The scale that is the most reliable is Which one of the scales is the least reliable? Explain. The scale that is the least reliable is, In your...
A:
Click to View...
Q:
The Income Statement section of the Johnson Company worksheet for the year ended December 31, 2019, has $199,000 recorded in the Debit column and $215,345 in the Credit column on the line for the...
A:
Beginning Merchan......
Q:
The data set provided contains last months credit card purchases of 500 customers randomly chosen from a segment of a major credit card issuer. The marketing department is considering a special offer...
A:
This was a random sample of less than 10 of all customers There were 67......
Q:
A philanthropic organization knows that its donors have an average age near 60 and is considering taking out an ad in the American Association of Retired People (AARP) magazine. An analyst wonders...
A:
This was a random sample of less than 10 of all donors There were 365......
Q:
The following exercises are of mixed variety. Factor each polynomial. (p+8q) 10(p+8q) + 25
A:
We have to factorize this p 8q 2 10 p 8q 25......
Q:
What purposes does an organizations culture serve when considering the external environment?
A:
An organization s culture serves several important purposes when considering the external environment Culture plays a crucial role in shaping how an organization interacts with its external stakeholde......
Q:
How can employee diversity give a company a competitive advantage?
A:
Employee diversity can provide a company with several competitive advantages which can positively impact its performance innovation and overall success Here are ways in which diversity among employees......
Q:
Explain the McKinsey 7-S model.
A:
The McKinsey 7 S model is a management framework developed by consultants at McKinsey Company in the late 1970s It is designed to help organizations a......
Q:
Do you think its true that every organization has a hidden functional structure in it? Explain your answer.
A:
Yes it is generally true that every organization has a hidden functional structure within it This hidden functional structure is often referred to as......
Q:
Identify the major categories of variables that have been found to influence stress. What role does social support play in the process? What role does hardiness play?
A:
Stress is a complex phenomenon influenced by various factors including individual characteristics environmental circumstances and personal coping stra......
Q:
One card is drawn from a standard 52-card deck. Determine the probability of selecting a 4 or a diamond.
A:
Since it is possible to obtain a ca......
Q:
What did Lennox gain by integrating their WMS, TMS, and labor management systems?
A:
Shipping accuracy went from 98 to 99 97 Inventory accuracy went from 97......
Q:
Mark Underwood is a professor of Economics at Indiana University. He has been teaching Principles of Economics for over 25 years. Professor Underwood uses the following scale for grading. Grade...
A:
E X 4 0......
Q:
An investor considers investing $10,000 in the stock market. He believes that the probability is 0.30 that the economy will improve, 0.40 that it will stay the same, and 0.30 that it will...
A:
a E X 15 000 0 30 10 000 0 40 8 000 0 30 10 900......
Q:
On average, there are 12 potholes per mile on a particular stretch of the state highway. Suppose the potholes are distributed evenly on the highway. a. Find the probability of finding fewer than two...
A:
a 0 25 12 4 3 P X 2......
Pharmacotherapy A Pathophysiologic Approach 7th Edition - ISBN: 007147899X - Free Book