A population proportion is .40. A sample of size 200 will be taken and the sample proportion

Question:

A population proportion is .40. A sample of size 200 will be taken and the sample proportion will be used to estimate the population proportion.

a. What is the probability that the sample proportion will be within ±.03 of the population proportion?

b. What is the probability that the sample proportion will be within ±.05 of the population proportion?

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

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business & Economics

ISBN: 9781285846323

12th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran

See More Books

Question Posted: Aug 02, 2016 09:55 AM

See More Questions

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 the...
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?
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? Discuss.
Saeed does not keep proper books of account for his business but he has provided the following details of his assets and liabilities. Further information 1. Land and buildings have been revalued at...
Lance Products' balance sheet includes total assets of $320,000 and the following equity account balances at December 31, 2009: Capital stock: Common stock , $5 par, 20,000 shares issued and...
(Future value of an annuity and annuity payments) You are trying to plan for retirement in 8 years, and currently you have $210,000 in a savings account and $350,000 in stocks. In addition, you plan...
sddkf op$ $ as $E E$ Our best-selling math textbook, which includes topics like $ e^{i\pi} + 1 = 0 $, is now on sale for just $20!
Determine the magnitude of force F so that the resultant FR of the three forces is as small as possible. What is the minimum magnitude of FR? Units Used: kN = 1000 N Given: F1 = 5 kN F2 = 4 kN...
888 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.50 pounds...
Using exponential smoothing with trend, a smoothing constant of 4, if the forecast for January had been 110, compute what the exponential forecast would have been for the month of April using January...
The average return for large-cap domestic stock funds over the three years 2009 - 2011 was 14.4% (AAII Journal, February, 2012). Assume the three-year returns were normally distributed across funds...
Duke Energy reported that the cost of electricity for an efficient home in a particular neighborhood of Cincinnati, Ohio, was $104 per month (Home Energy Report, Duke Energy, March 2012). A...
A 2.50 L sample of nitric oxide gas at 100 C is cooled to 20 C. If the pressure remains constant, what is the final volume?
Operating data for Oriole Corporation are presented as follows. 2025 2024 Net sales $831,900 $629,500 Cost of goods sold 529,700 410,900 Selling expenses 125,400 74,300 Administrative expenses 79,400...
A bird traveled 72 miles in 6 hours flying at constant speed. At this rate, how many miles did the bird travel in 5 hours? 12 O 30- O 60 14.4 I don't know (I need help with these type of questions)
A common trade off related to financial services include a. minimum deposit vs. maximum deposit b. availability vs. liquidity c. liquidity vs. access to funds d. convenience vs. fees e. RRSP vs RESP
Question 2. You won a free ticket to a Bruce Springsteen concert (next Friday) in a lottery. However, Rihanna is singing on the same evening. A ticket to the Rihanna concert is priced at $100 though...
Assignment 3 This assignment is based on content discussed in modules 3 - 5 and test basic concepts of statistical inference theory and probability distributions. Learning outcomes Work on problems...
Express the number 1 + 3i/2 + 5i in the form a + bi.
Where are the olfactory sensory neurons, and why is that site poorly suited for their job?
The wedding date for a couple is quickly approaching, and the wedding planner must provide the caterer an estimate of how many people will attend the reception so that the appropriate quantity of...
Rock-Paper-Scissors is a simple game in which two players compete by simultaneously choosing rock, paper, or scissors. According to the classic rules of the game, paper beats rock, scissors beats...
In American football, touchdowns are worth 6 points. After scoring a touchdown, the scoring team may subsequently attempt to score one or two additional points. Going for one point is virtually an...
Q1) The equity of Washington Ltd at 1 July 2020 consisted of: Share capital 500 000 A ordinary shares fully paid $1 500 000 400 000 B ordinary shares issued for $2 and paid to $1.50 600 000 General...
out The following information relates to Questions 1 to 2. The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at...
Exercise 10-8 Utilization of a constrained Resource [LO10-5, L010-6] Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit...

A population proportion is .40. A sample of size 200 will be taken and the sample proportion

Question:

Step by Step Answer:

a Ep 040 P p1p n 040060 200 0346 Within ...View the full answer

Statistics For Business & Economics

Students also viewed these Statistics questions