According to Thomson Financial, through January 25, 2006, the majority of companies reported profits had beaten estimates

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According to Thomson Financial, through January 25, 2006, the majority of companies reported profits had beaten estimates (BusinessWeek, February 6, 2006). A sample of 162 companies showed 104 beat estimates, 29 matched estimates, and 29 fell short.

a. What is the point estimate of the proportion that fell short of estimates?

b. Determine the margin of error and provide a 95% confidence interval for the proportion that beat estimates.

c. How large a sample is needed if the desired margin of error is .05?

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Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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Question Posted: Feb 16, 2015 02:04 AM

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According to Thomson Financial, through January 25, 2006, the majority of companies reported profits had beaten estimates

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Essentials Of Statistics For Business And Economics

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