Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) A market research firm conducts telephone surveys with a 40% historical response rate. a) What is the sampling distribution, mean, and standard deviation of
1) A market research firm conducts telephone surveys with a 40% historical response rate.
- a) What is the sampling distribution, mean, and standard deviation of p , the proportion of individuals who respond to these surveys in a sample of 400 telephone numbers? Refer to Section 7.6 in your textbook.
- b) Calculate the probability that in a new sample of 400 telephone numbers, at least 150 individuals will cooperate and respond to the questions?
2) A production process is checked periodically by a quality control inspector. The inspector selects simple random samples of 30 finished products and computes the sample mean product weights x . Suppose test results over a long period of time show that 5% of the x values are over 2.1 pounds and 5% are under 1.9 pounds. Calculate the mean for the population of products produced with this process.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started