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The following questions refer to a survey conducted on a sample of 2,251 individuals about their willingness to pay for online access to the local newspaper. The survey results are summarized in the table below. The percentage of each group who... Would be willing to pay $5 per month Would not pay this amount Does not know Would be willing to pay $10 per month Would not pay this amount Does not know All Adults 23% 74% 3% 18% 78% 4% N=2,251 Mobile News Consumer 30% 67% 3% 21% 77% 2% N=945 Not a Mobile News Consumer 17% 79% 4% 15% 78% 7% N=1,306 Local App User 38% 60% 2% 24% 75% 1% N=218 Not a Local App User 21% 75% 4% 17% 78% 5% N=2,033 QUESTION 1 Consider the survey question: "Would you be willing to pay $5 per month for the online subscription of the local newspaper?" Based on the given data, which of the following best describes a 95% confidence interval for the proportion of the population that would respond "Yes"? a between 21.2% and 24.8% b. between 28.1% and 31.9% C. between 16.4% and 19.6% d. between 75.8% and 72.2% QUESTION 2 Consider this survey question: "Would you be willing to pay $5 per month for the online subscription of the local newspaper?" Based on the given data, which of the following best describes a 95% confidence interval for the proportion of the population that would respond "I do not know"? a between 2.3% and 3.7% b. between 4.8% and 3.2% between 16.4% and 19.6% between 1.0% and 5.0%. Ⓒ C d. QUESTION 3 Based on the given data, how confident can you be that at least one-third of all local app users would not pay $5 per month for an online subscription to the local newspaper? Ⓒa. 60% b. more than 60% but less than 99% C. d. more than 99% none of the above QUESTION 4 Based on the given data, how confident can you be that at most one fifth f all mobile news consumers would pay $10 per month for an online subscription to the local newspaper? a more than 99% b. 77.5% OC 50% d. 22.5% The following questions refer to a survey conducted on a sample of 2,251 individuals about their willingness to pay for online access to the local newspaper. The survey results are summarized in the table below. The percentage of each group who... Would be willing to pay $5 per month Would not pay this amount Does not know Would be willing to pay $10 per month Would not pay this amount Does not know All Adults 23% 74% 3% 18% 78% 4% N=2,251 Mobile News Consumer 30% 67% 3% 21% 77% 2% N=945 Not a Mobile News Consumer 17% 79% 4% 15% 78% 7% N=1,306 Local App User 38% 60% 2% 24% 75% 1% N=218 Not a Local App User 21% 75% 4% 17% 78% 5% N=2,033 QUESTION 1 Consider the survey question: "Would you be willing to pay $5 per month for the online subscription of the local newspaper?" Based on the given data, which of the following best describes a 95% confidence interval for the proportion of the population that would respond "Yes"? a between 21.2% and 24.8% b. between 28.1% and 31.9% C. between 16.4% and 19.6% d. between 75.8% and 72.2% QUESTION 2 Consider this survey question: "Would you be willing to pay $5 per month for the online subscription of the local newspaper?" Based on the given data, which of the following best describes a 95% confidence interval for the proportion of the population that would respond "I do not know"? a between 2.3% and 3.7% b. between 4.8% and 3.2% between 16.4% and 19.6% between 1.0% and 5.0%. Ⓒ C d. QUESTION 3 Based on the given data, how confident can you be that at least one-third of all local app users would not pay $5 per month for an online subscription to the local newspaper? Ⓒa. 60% b. more than 60% but less than 99% C. d. more than 99% none of the above QUESTION 4 Based on the given data, how confident can you be that at most one fifth f all mobile news consumers would pay $10 per month for an online subscription to the local newspaper? a more than 99% b. 77.5% OC 50% d. 22.5%
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Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
Posted Date:
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