Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A sample of 500 workers revealed that 175 people planned to buy a new home in Proton City. a) What is the point estimate

1. A sample of 500 workers revealed that 175 people planned to buy a new home in Proton City.

a) What is the point estimate of the population proportion of the workers who are planning to buy a new home?

b) Calculate the standard error for this sampling distribution.

c) Construct a 99 per cent confidence interval for the proportion of the workers who are planning to buy a new home.

2.Assume that the initial samples of 200 single unit calculator show that 9% are not functioning properly. How many calculators to be selected by the company using 90% level of confidence interval if the error will be within 0.02 of the proportion of the population?

Reference :

*Z & T -table distribution

https://drive.google.com/file/d/1nfSbQHR6k8Ri5ipEPBM1-4ZpLiMfKsvC/view?usp=sharing

image text in transcribed
Confidence Interval for Confidence Interval for Mean Proportion Sample Size When n > 30 or o is known Infinite @ n/N 30 or o is known Finite @ n/N > 0.05 To find the sample size for proportion: Xtz- N -n 2 Jn VN-1 Z n = p(1- p) F T Distribution - when n

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Mathematics questions

Question

Illustrate the compensation structure.

Answered: 1 week ago

Question

Describe the steps in an effective performance management system.

Answered: 1 week ago

Question

Define a performance management system.

Answered: 1 week ago