An advertising firm plans to have a sample of individuals view a commercial on a sunscreen pill
Question:
An advertising firm plans to have a sample of individuals view a commercial on a ‘‘sunscreen pill” that one can swallow to provide mild SPF protection throughout the day. After viewing the commercial, each individual will be asked if he/she would consider buying the product. How many individuals should the firm sample to estimate the proportion who would consider buying the product to within a ±4% margin of error with 98% confidence?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Since we have no reasonable estimate for the proportion we use ...View the full answer
Answered By
HARSH RANJAN
Taken classes at college to graduates, Also worked as an expert to a freelancer online question-solving portal for more than 8 months with an average rating greater than 4.2 out of 5.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics Unlocking The Power Of Data
ISBN: 9780470601877
1st Edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
Question Posted:
Students also viewed these Mathematics questions
-
According to the Bureau of Labor Statistics, the official unemployment rate was 15.5% among Blacks and 7.9% among Whites as of March 2011. During the recession of 20092011, the Black levels of...
-
Do agreeable individuals get paid less, on average, than those who are less agreeable on the job? And is this gap greater for males than for females? These questions were addressed in the Journal of...
-
A large healthcare corporation is interested in the number of employees who devote a substantial amount of time to providing care for elderly relatives. The corporation wants to develop a policy with...
-
(2) Write an 8086-assembly code to control the interrupt of (3) stepper motors and (2) servo motors in which each motor has its interrupt. The buffered mode for master was required with normal end of...
-
You have recently won the super jackpot in the Washington State Lottery. On reading the fine print, you discover that you have the following two options: a. You will receive 31 annual payments of...
-
The L-shaped object in Figure 11-40 consists of three masses connected by light rods. Find the work that must be done on this object to accelerate it from rest to an angular speed of 2.35 rad/s about...
-
A certain underlying state graph is a tree where each node has three successor nodes, indexed \(a,b, c\). There are two assets defined on this tree which pay no dividends except at the terminal time...
-
Elizabeth owns equipment that cost $500,000 and has an adjusted basis of $230,000. If the straight-line method of depreciation had been used, the adjusted basis would be $300,000. a. What is the...
-
Question 2 2.1 2.2 2.3 [28 marks] What physical elements are used to construct fiber optic cables? [10 marks] Explain how fiber-optic signaling compares with copper cabling signaling. [6 marks] To...
-
Base plc acquired 60% of the common shares of Ball plc on 1 January 20X0 and gained control. At that date the statements of financial position of the two companies were as follows: Note: The fair...
-
In April 2012, the Gallup Poll reported that in a random sample of 1016 US adults, only 17% approve of the way Congress is handling its job. (a) Use the poll results to estimate the proportion of all...
-
A survey is planned to estimate the proportion of voters who support a proposed gun control law. The estimate should be within a margin of error of 2% with 95% confidence, and we do not have any...
-
McKenzies Complete Cook makes and sells mixers and bread makers. In November 2009, McKenzies began the budgetary process. Project sales for 2010 are 60,000 mixers at $50 each and 40,000 bread makers...
-
A foreign taxpayer is set to receive $10,000 for some work being done in the country, but they do not give the payer a TIN. What amount of tax is supposed to be withheld from that payment under the...
-
How might Jen's email be misinterpreted by her instructor? Select all that apply. Review the Email Thursday, July 25, 2020 3:15 PM I just saw my total points in Grades. I should be getting an A, but...
-
The cost of inventory is made up of Select one: a. cost of purchase, allocated direct labour, and allocated overhead. b. cost of purchase and allocated direct labour only. c. cost of allocated direct...
-
Should Dubinski recommend a large repurchase, financed in part by a debt issue, to the board? The case does not propose a specific repurchase, so develop your own proposal and defend it. In...
-
2.2 How will the advancements in Artificial Intelligence shape the future of work and daily life, and what factors should be considered to ensure these developments have a positive impact? (15) 2.1...
-
What are technical factors? How do they affect the implementation of monetary policy?
-
How has the globalization of firms affected the diversity of their employees? Why has increased diversity put an additional burden on accounting systems?
-
Estimate the odds ratio for Group C vs. Group A and provide a 95% CI. Are the results consistent with those in Problem 13.21? Why or why not? One assumption in Table 13.46 is that the log odds ratio...
-
Estimate the OR relating widowhood to mortality based on all the data in Table 10.27? Table 13.27 Use of SAS PROC PHREG to perform conditional logistic regression on the breast cancer data One...
-
Provide a 95% CI for the OR? Table 13.27 Use of SAS PROC PHREG to perform conditional logistic regression on the breast cancer data One assumption in Table 13.46 is that the log odds ratio of being a...
-
Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for...
-
Assume that the stock of South Gate Corporations sells for R108 and is expected to increase by a factor of 1.25 or decline by a factor of 0.83 in 10 months. As a portfolio analyst, you find a call...
-
Use the below information to calculate the profit or loss of a short call butterfly spread if the spot price of the underlying asset at maturity is R89.45. June 70 Call costs R1.18 June 70 Put costs...
Study smarter with the SolutionInn App