A random sample of size n = 225 yielded p = .46. a. Is the sample size
Question:
A random sample of size n = 225 yielded p̂ = .46.
a. Is the sample size large enough to use the methods of this section to construct a confidence interval for p? Explain.
b. Construct a 95% confidence interval for p.
c. Interpret the 95% confidence interval.
d. Explain what is meant by the phrase "95% confidence interval."
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
a The sample size is large enough if both np 15 and nq 15 np 22546 ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
Question Posted:
Students also viewed these Statistics questions
-
A random sample of size n = 50 is taken from a population with mean = - 9.5 and standard deviation =2. a. Calculate the expected value and the standard error for the sampling distribution of the...
-
A random sample of size n = 13 obtained from a population that is normally distributed results in a sample mean of 45.3 and sample standard deviation of 12.4. An independent sample of size n = 18...
-
A random sample of size n = 41 results in a sample mean of 125.3 and a sample standard deviation of 8.5. An independent sample of size n = 50 results in a sample mean of 130.8 and sample standard...
-
Hot Locks Company developed the following information for its hair dryer sales: Sales price $ 125.00 per unit Variable manufacturing cost $ 44.75 per unit Variable selling expense ...
-
Three steel spheres of equal mass are suspended from the ceiling by cords of equal length which are spaced at a distance slightly greater than the diameter of the spheres. After being pulled back and...
-
Contrast the following terms: a. Stored attribute; derived attribute b. Simple attribute; composite attribute c. Entity type; relationship type d. Strong entity type; weak entity type e. Degree;...
-
14. Consider the oil project with a single barrel, in which S = \($15\), r = 5%, = 4%, and X = \($13.60\). Suppose that, in addition, the land can be sold for the residual value of R = \($1\) after...
-
Wesley Corp. is a medium-sized wholesaler of automotive parts. It has 10 stockholders who have been paid a total of $1 million in cash dividends for 8 consecutive years. The boards policy requires...
-
Calculate A/R DSOs: Assumptions ( $ in millions 6.1 100.4
-
Refer to the demand for cell phones regression given in Eq. (3.7.3). Eq (3.7.3) a. Is the estimated intercept coefficient significant at the 5 percent level of significance? What is the null...
-
A random sample of size n = 121 yielded p = .88. a. Is the sample size large enough to use the methods of this section to construct a confidence interval for p? Explain. b. Construct a 90% confidence...
-
Customers who participate in a store's free loyalty card program save money on their purchases but allow the store to keep track of their shopping habits and potentially sell these data to third...
-
(Explaining journal entries, LO 3, 4, 5) Provide a description of the event represented by each of the following journal entries. a. Dr. Cash 1,000,000 Cr. Land 1,000,000 b. Dr. Accounts receivable...
-
The following data apply to Superior Auto Supply Inc. for May 2011. 1. Balance per the bank on May \(31, \$ 8,000\). 2. Deposits in transit not recorded by the bank, \(\$ 975\). 3. Bank error; check...
-
How do you determine whether there is a linear correlation between two variables \(x\) and \(y\) ? Use Table 14.10. Table 14. 10 n a = 0.05 0.950 0.878 4 5 6 0.811 7 0.754 8 0.707 9 0.666 10 0.632 11...
-
Comparative Analysis Problem: Columbia Sportswear Company vs. Under Armour, Inc. The financial statements for the Columbia Sportswear Company can be found in Appendix A and Under Armour, Inc.'s...
-
The following information is available for Book Barn Company's sales on account and accounts receivable: After several collection attempts, Book Barn wrote off \(\$ 4,500\) of accounts that could not...
-
The following information comes from the accounts of Jersey Company: Required a. There were \(\$ 170,000\) of sales on account during the accounting period. Write-offs of uncollectible accounts were...
-
Identify the compound in the following list that is most likely to undergo radical reactions with alkyl halides, and describe the reason for your choice: H 2 O, NH 3 , (CH 3 ) 3 SiH, (CH 3 ) 3 SnH.
-
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
-
Consider a two-way analysis of variance with one observation per cell and randomized blocks with the following results: Compute the mean squares and test the hypotheses that between-group means are...
-
Consider a two-way analysis of variance with one observation per cell and randomized blocks with the following results: Compute the mean squares and test the hypotheses that between-group means are...
-
Given the following analysis of variance table, compute mean squares for between groups and within groups. Compute the F ratio and test the hypothesis that the group means are equal. Source of...
-
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
-
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
-
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...
Study smarter with the SolutionInn App