A sample of 80 results in 30 successes. a. Calculate the point estimate for the population proportion
Question:
a. Calculate the point estimate for the population proportion of successes.
b. Construct 90% and 99% confidence intervals for the population proportion.
c. Can we conclude at 90% confidence that the population proportion differs from 0.5?
d. Can we conclude at 99% confidence that the population proportion differs from 0.5?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
n80 a P 30800375 is the point estimate of the population p...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
Question Posted:
Students also viewed these Statistics questions
-
The point estimate for the population proportion of failures is 1 - p. Determine whether the statement is true or false. If it is false, rewrite it as a true statement.
-
A researcher wants to select a sample of 80 employees at Boeing by performing stratified sampling. The employments are shown in Table 32. How many employees from each group should be included in the...
-
'G. Motors is the manufacturer of sophisticated cranes. The Production manager of the company, reported to the Chief Executive Officer, Ashish Jain that one of the machines used in manufacturing...
-
When component Auditors are involved in the audit of group financial statements the group Auditors are required to a. consider the independence and professional reputation of the component Auditors...
-
What is the principal from which $175 can be withdrawn at the end of each month for 20 years if interest is 5% compounded quarterly?
-
The lattice energies of FeCl3, FeCl2, and Fe2O3 are (in no particular order) 2631 kJ/ mol, 5339 kJ/ mol, and 14,774 kJ/ mol. Match the appropriate formula to each lattice energy.
-
Describe the differences between black box and white box component modeling.
-
Data Set 9 in Appendix B lists measured cotinine levels from a sample of subjects who smoke, another sample of subjects who do not smoke but are exposed to environmental tobacco smoke, and a third...
-
Evaluate the rationale for an organization adoption of ChatGPT as a change initiative Consider the strength and weaknesses that can develop for the company that uses ChatGPT to develop change...
-
An analysis of the transactions made by Peat Deloitte & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $560 for rent, $4,800 for salaries and...
-
Assume =1 0.6 in a sample of size n = 50. a. Construct the 95% confidence interval for the population proportion. b. What happens to the margin of error if the above sample proportion is based on n...
-
In a sample of 30 observations the number of successes equals 18. a. Construct the 88% confidence interval for the population proportion of successes. b. Construct the 98% confidence interval for the...
-
Trendy Fashions provides store credit and manages its own receivables. Average experience for the past three years has been as follows: Helen Tran, the owner, is considering whether to accept bank...
-
As part of continuous improvement, it is important for project managers and project teams to assess the results and their experiences once a project has been completed. There are numerous methods and...
-
Choose a product and use the checklist method to develop new ideas. Be prepared to discuss your product and the three most creative ideas generated.
-
Alicia and John are a team coding a difficult and sizable program in Java. They have some experience with the language, but will have to learn a significant amount on the fly. They have estimated...
-
In early July 2019, Masterton Ltd is considering the acquisition of some machinery for $1 200 000 to be used in the manufacture of a new product. The machinery has a useful life of 10 years, during...
-
There are many software packages that aim to help entrepreneurs write a business plan. Research the Internet and select three of these software packages. What is different about them? How are they...
-
Find and sketch the domain of the function.k f(x, y, z) = 1 x 2 y 2 z 2
-
Imagine a sound wave with a frequency of 1.10 kHz propagating with a speed of 330 m/s. Determine the phase difference in radians between any two points on the wave separated by 10.0 cm.
-
What are the characteristics of the four archetypes of smart-product-services in the manufacturing industry?
-
Determine the following: a. For n = 4 and = 0.12, what is P(X = 0)? b. For n = 10 and = 0.40, what is P(X = 9)? c. For n = 10 and = 0.50, what is P(X = 8)? d. For n = 6 and = 0.83, what is P(X =...
-
Consider the following discrete probability distribution: Outcome Probability 0 .. 0.06 1 .. 0.11 2 . 0.24 3 0.27 4 . 0.20 5 . ? Determine the missing probability for the random variable that equals...
-
Consider a binomial probability distribution with p = 0.60 and n = 7. Determine the following probabilities: a. P(x = 2) b. P(x < 1) c. P(x > 5)
-
After the company issues an initial public offering and they desire to offer additional shares, one option is the seasoned equity offering. What are the differences between a convertible bond and a...
-
4. A stock provides a dividend yield of 5.0% paid semi- annually. The spot price of the stock is currently $500, and the risk-free rate is 7.5% with continuous compounding for all maturities. 1. What...
-
1. A 1000 bond issued on January 10, 2021 is paying coupons at a nominal interest rate of 7% payable semiannually. The bond is redeemed at par and matures on January 10, 2031. The nominal yield rate...
Study smarter with the SolutionInn App