In a random sample of 64 people, 48 are classified as successful. a. Determine the sample proportion
Question:
a. Determine the sample proportion of "successful" people.
b. If the population proportion is 0.70, determine the standard error of the proportion.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
a p 48...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Statistics For Managers Using Microsoft Excel
ISBN: 9780133130805
7th Edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
Question Posted:
Students also viewed these Statistics questions
-
In a random sample of 64 people, 48 are classified as successful. a. Determine the sample proportion, p, of successful people. b. If the population proportion is 0.70, determine the standard error of...
-
People are selected to serve on juries by randomly picking names from the list of registered voters. The average age for registered voters in the county is = 44.3 years with a standard deviation of ...
-
A random sample of 64 observations produced the following summary statistics: = .323 and s2 = .034. a. Test the null hypothesis that = .36 against the alternative hypothesis that .36, using a =...
-
Consider J symmetric firms operating in two periods with constant over time cost functions C j (x j , e j ) = (x j b j e j ) 2 /2b j , +c j x 2 j /2 The output prices are exogenous and given by p 1...
-
As the controller of Brumley Consulting, you have hired a new employee, whom you must train. She objects to making an adjusting entry for accrued salaries at the end of the period. She reasons, We...
-
The demand for different types of automobiles should be related to their owners needs. A manager in a local auto dealership randomly pulls samples from the dealerships customer files. Do the...
-
Use a dot plot to display the data set. Describe any patterns. Use the data set, which represents the pollution indices for 24 U.S. cities. 22 41 46 50 38 57 65 49 41 23 38 65 28 36 63 54 33 28 53 32...
-
Buntzell Industrial Supplies distributes industrial equipment. The company's fiscal year ends on March 31, 2017. One department in the company had 50 items that cost $540 each on hand at January 1,...
-
Read through the anonymous allegation, identified Rule/Regulation, and witness testimony provided below. Utilize the information provided and complete a written analysis as to whether the allegation...
-
Marketing Plan Developing a marketing plan is a key to success in PharmaSim and will serve as your firm's roadmap for making decisions each period. Your plan should apply to PharmaSim the marketing...
-
The amount of time a bank teller spends with each customer has a population mean of LI = 3.10 minutes and a standard deviation of a = 0.40 minute. If you select a random sample of 16 customers, a....
-
If X = 85, a = 8, and n = 64, construct a 95% confidence interval estimate for the population mean, /x.
-
A small plane, moving at 70 m/s, flies horizontally on a line 400 meters directly above an observer. Let be the angle of elevation of the plane (see figure below). a. What is the rate of change of...
-
A president of a manufacturing company called you to seek your advice with respect to the information systems department. She told you that at the moment, being relatively small, they use the...
-
Shane has worked for XYZ Fastener, LLC for over ten years. He has worked his way up to first-line management and is actively pursuing to further his career. He spends his time at work thinking about...
-
Four applicants are applying for the same position in a major corporation. All hold post-graduate degrees in their disciplines, have at least ten years of experience in their fields, and are members...
-
R&S Tuxedoes offer very upscale Italian high fashion designs for grooms. The typical profile for these consumers include men who make $ 2 5 0 , 0 0 0 + , own electric vehicles, are in the tech...
-
An asset was purchased for $ 1 1 0 , 0 0 0 on January 1 , Year 1 , and originally estimated to have a useful life of 9 years with a residual value of $ 8 , 0 0 0 . At the beginning of the third year,...
-
The shareholders equity section of the statement of financial position of Del Rosso Winery Inc. at December 31, 2024, is given below: On December 31, 2024, the board of directors proposed a...
-
Explain the buyers position in a typical negotiation for a business. Explain the sellers position. What tips would you offer a buyer about to begin negotiating the purchase of a business?
-
A sample of human brain volumes (cm3) is obtained from those listed in Data Set 6 from Appendix B: 1272, 1051, 1079, 1034, 1070, 1173, 1079, 1067. Use the data from the indicated exercise in this...
-
A sample of weights (g) of M&Ms is obtained from those listed in Data Set 20 from Appendix B: 0.864, 0.825, 0.855, 0.942, 0.825, 0.869, 0.912, 0.887, 0.886. Use the data from the indicated exercise...
-
The heights (in inches) of men listed in Data Set 1 in Appendix B have a distribution that is approximately normal, so it appears that those heights are from a normally distributed population. a. If...
-
Show how binary exponentiation can be used to calculate a 128 efficiently. How many multiplications are required?
-
How can one tell many months the positive skew had in it?
-
Drug 4 mg I every 3 hours prn pain. Supplied as 10mg/10 ml. Calculate mL per dose?
Study smarter with the SolutionInn App