Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. An HR administrator wishes to know the proportion of employees that are currently using a very costly benefit to determine if it is still

1. An HR administrator wishes to know the proportion of employees that are currently using a very costly benefit to determine if it is still considered valuable by the staff. If the administrator has no preliminary notion of the proportion of employees using the benefit, how big a sample must she collect to be accurate within 0.13 at the 80% level of confidence? Round up to the next whole number

2. A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar clients between the ages of 31 and 40 (measured in $):

73 145 47 124 80 96 100 147 126
67 138 124 144 67 153 87 101 136

a. Calculate the sample mean and standard deviation.

x= ?

Round to the nearest cent

s=?

Round to the nearest cent

b. Construct a 80% confidence interval for the mean monthly insurance premium for all non-smoking white-collar clients between the ages of 31 and 40.

? << ?

Round to the nearest cent

3. A sports reporter conducts a study of the fans' overall satisfaction with the sporting event after the event is completed. He surveys 165 randomly selected fans on their way out of the event and asks them to rate their satisfaction with the event on a scale from 0 to 10. The average satisfaction rating is 6.3. It is known from previous studies of this type that the standard deviation in satisfaction level is 2.4. Calculate the margin of error and construct the 98% confidence interval for the true mean satisfaction level for the sporting event.

E=?

Round to three decimal places if necessary

?<

Round to three decimal places if necessary

4. Calculate the margin of error and construct the confidence interval for the population mean using the Student's t-distribution (you may assume the population data is normally distributed).

a. x=88.9,n=64,s=10.3, 90% confidence

E= ?

Round to two decimal places if necessary

?<< ?

Round to two decimal places if necessary

b. x=33.6,n=42,s=14.5, 90% confidence

E=?

Round to two decimal places if necessary

?<

Round to two decimal places if necessary

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

Recommended Textbook for

Birds Higher Engineering Mathematics

Authors: John Bird

9th Edition

1000353036, 9781000353037

More Books

Students also viewed these Mathematics questions

Question

6. Have you used solid reasoning in your argument?

Answered: 1 week ago