Suppose a population proportion is .40, and 80% of the time when you draw a random sample

Question:

Suppose a population proportion is .40, and 80% of the time when you draw a random sample from this population you get a sample proportion of .35 or more. How large a sample were you taking? Discuss.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics for Contemporary Decision Making

ISBN: 978-0470910184

6th Edition

Authors: Ken Black

See More Books

Question Posted: Mar 19, 2013 04:25 AM

See More Questions

A one-sided claim about a population proportion is a claim that the proportion is less than (or greater than) some specific value. Such a claim can be formally addressed using a one-sided confidence...
Suppose a 95% confidence interval for a population proportion is found using the 2SD or theory-based method. Which of the following will definitely be contained in that interval? A. The population...
Suppose a 95% confidence interval for a population proportion is (0.30, 0.60). Rewrite this interval in the form of p margin of error .
Stock W, X and Y have expected returns of 9.0%, 16.1% and 11.3% respectively. Based on this and the attached information, what is the expected return of your portfolio? Stock W X Y Number of Shares...
Restate the last sentence in Theorem 2 using the concept of pivot columns: "If a linear system is consistent, then the solution is unique if and only if _____________"
Solve each of the following equations. If necessary give your answer as a mixed fraction reduced to its lowest terms. (a) x + 2 = 7 (b) 3x = 18 (d) x 4 = -2 (9;-2 (9)-7= 3 (g) (h) 3(x 1) = 2 (e) 2x...
What are the important goals and considerations of information security?
(a) The distance to the North Star, Polaris, is approximately 6.44 x 1018 m. If Polaris were to burn out today, in what year would we see it disappear? (b) How long does it take for sunlight to reach...
Tanner-UNF Corporation acquired as a long-term Investment $170 million of 6% bonds, dated July 1, on July 1, 2024. Company management has the positive Intent and ability to hold the bonds until...
Heather Adams, production manager for a Colorado exercise equipment manufacturer, needs to schedule an order for 50 UltimaSteppers, which are to be shipped in week 8. Subscripts indicate quantity...
A population proportion is .58. Suppose a random sample of 660 items is sampled randomly from this population. a. What is the probability that the sample proportion is greater than .60? b. What is...
If a population proportion is .28 and if the sample size is 140, 30% of the time the sample proportion will be less than what value if you are taking random samples?
What is a playback robot with point-to-point control?
The maximum force that a grocery bag can withstand without ripping is 250 N. Suppose that the bag is filled with 20 kg of groceries and lifted with an acceleration of 5.0 m/s2. Do the groceries stay...
Explain the below general Information Retrieval (IR) system architecture - user feedback Ranked documents The user User query Query operations Executable query Retrieval system Document collection...
Topic is Mecca it is a beauty industry in Australia State 2 to 3 e-marketing. Topic is Mecca it is a beauty industry in Australia. State 2 to 3 e-marketing objectives that Mecca beauty industry may...
Write the expression in radical form. Assume that all variables represent positive real numbers. (112) 3/7 (1182) 3/7
Start your QuickBooks Online company. Complete all the hands-on work, step-by-step activities presented on pages 99- 140, and Exercise 3-1 and 3-2 on pages 140-143. To answer the questions below, use...
Why can the midlatitude climate zone be characterized as a huge playing field in which contrasting types of air compete for position. How does this game change over landmasses and the oceans?
What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions
Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statements first to get that job out of the...
A data set contains the following eight values. a. Find the range. b. Find the mean absolute deviation. c. Find the sample variance. d. Find the sample standard deviation. e. Find the...
A data set contains the following six values. a. Find the population standard deviation using the formula containing the mean (the original formula). b. Find the population standard deviation using...
The following sample data represent the time (in minutes) required by business executives to complete an expense report. Determine the inter-quartile range on these data and comment on what itmeans....
Use factoring by grouping to solve the following equation. 3-522-16r+80=0 Enter the solutions, separated by commas if necessary. Do not use a plus-minus () sign when entering separate answers....
What are some intervention policies that make provisions for destitute college or university students in Ethiopia? Please provide Examples
Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered requirements, and the market...

Suppose a population proportion is .40, and 80% of the time when you draw a random sample

Question:

Step by Step Answer:

We have the following information Population proportion P 04 Q 104 104 06 We will use the z ...View the full answer

Business Statistics for Contemporary Decision Making

Students also viewed these Statistics questions