Determine whether a normal sampling distribution can be used. If it can be used, test the claim.
Question:
Determine whether a normal sampling distribution can be used. If it can be used, test the claim.
Claim: p < 0.12; α = 0.01. Sample statistics: p̂ = 0.10, n = 40
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
np 40012 48 5 n...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Elementary Statistics Picturing The World
ISBN: 9780134683416
7th Edition
Authors: Ron Larson, Betsy Farber
Question Posted:
Students also viewed these Mathematics questions
-
Claim: p < 0.12; = 0.01. Sample statistics: p = 0.10, n = 40 Determine whether a normal sampling distribution can be used. If it can be used, test the claim about the population proportion p at the...
-
Claim: p 0.48; = 0.08. Sample statistics: p = 0.40, n = 90 Determine whether a normal sampling distribution can be used. If it can be used, test the claim about the population proportion p at the...
-
Claim: p 0.15; = 0.05. Sample statistics: p = 0.12, n = 500 Determine whether a normal sampling distribution can be used. If it can be used, test the claim about the population proportion p at the...
-
A small company has $4,500,000 in (annual) revenue, spends 57% of its revenues on purchases, and has a net profit margin of 11.75%. They would like to increase their profits and they are looking at...
-
A fair coin is tossed three times. A player wins $1 if the first toss is a head, but loses $1 if the first toss is a tail. Similarly, the player wins $2 if the second toss is a head, but loses $2 if...
-
The annual rainfall in a remote Middle Eastern country varies from 0 to 5 in. and is a random variable with probability density function defined by Find the following probabilities for the annual...
-
Consider two situations: one in which information technology helped you build a relationship, and one in which it inhibited the development of a relationship. How did technology help in the first...
-
Drake Corporation is reviewing an investment proposal. The initial cost and estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income...
-
The S&P 500 showed the following TRs for a 6 year period: 11.1 percent, -5.2 percent, 20.3 percent, 26.7 percent, - 12.4 percent, and 2.2 percent. (a) Calculate the arithmetic mean return for the 6...
-
Hewitt Corporation's Retained Earnings account balance was $90,000 on January 1. During January, the company recorded revenue of $500,000, expenses of $260,000, and dividends of $15,000. The company...
-
Explain how to test a population proportion p.
-
Determine whether a normal sampling distribution can be used. If it can be used, test the claim. Claim: p 0.48; = 0.08. Sample statistics: p = 0.40, n = 90
-
Liana Amiri (single with no dependents) has the following transactions in 2021: What is Lianas net capital gain or loss? Draft a letter to Liana describing how the net capital gain or loss will be...
-
Peninsula Community Health Services of Alaska had just completed of a merger of two organizations. The original Peninsula Community Health center was a community health center only, but the CHC had...
-
Compensation Approach: Imagine that the HR department of your chosen organization from below is going to design a compensation approach for the job that is aligned with reinforcement, expectancy, and...
-
A boat leaves port and follows a course of N77E at 9 knots for 3 hr and 20 min. Then, the boat changes to a new course of S26E at 12 knots for 5 hr. Part 1 of 3 (a) How far is the boat from port?...
-
The aggregate supply curve of an economy is depicted by AS, shown in the graph on the right. Suppose that labour unions grant concessions, enabling firms to pay lower wages to their workers. Use the...
-
what is Medibank pestle analysis in term of these 2 statements? Current problem at hand deviates towards the fact that customers do not have high awareness of the health and wellbeing programs that...
-
Thomas Sampson is a purchasing agent for Complete Offices. He gave you an envelope full of receipts from a 10-day business trip without any explanations. Write a memo asking Thomas to identify which...
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
If a continuous uniform distribution has parameters of = 0 and = 1, then the minimum is - 3 and the maximum is 3 a. For this distribution, find P(-1 < x < 1). b. Find P(-1 < x < 1) if you...
-
For a standard normal distribution, find the percentage of data that are a. within 2 standard deviations of the mean. b. more than 1 standard deviation away from the mean. c. more than 1.96 standard...
-
If 0.5% of the thermometers are rejected because they have readings that are too low and another 0.5% are rejected because they have readings that are too high, find the two readings that are cutoff...
-
solve this plz Alba Company is considering the introduction of a new product. To determine the selle price of the product you have The direct material permit The direct labor per unit The variable...
-
Calculate the current ratio collection period for accounts receivable, inventory turnover, gross margin percentage, and return on equity for 2014 and 2015 for the Jordan Corporation. Do not average....
-
A company received $11,000 cash in exchange for 200 shares of the companys common stock. What would the effect of this transaction on the current years accounting equation? Select one: A. No effect...
Study smarter with the SolutionInn App