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1. The Wall Street Journal reported that the age at first startup for 75% of entrepreneurs was 29 years of age or less and the
1. The Wall Street Journal reported that the age at first startup for 75% of entrepreneurs was 29 years of age or less and the age at first startup for 25% of entrepreneurs was 30 years of age or more.
(a) | Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Calculate the sampling error of p where p is the sample proportion of entrepreneurs whose first startup was at 29 years of age or less. If required, round your answers to four decimal places. |
np = | |
n(1-p) = | |
E(p) = | |
op= | |
(b) | Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Calculate the sampling error of p where p is now the sample proportion of entrepreneurs whose first startup was at 30 years of age or more. If required, round your answers to four decimal places. |
np = | |
n(1-p) = | |
E(p) = | |
op = | |
(c) | Are the standard errors of the sampling distributions different in parts (a) and (b)? |
- Select your answer -Yes/No | |
Justify your answer. | |
The sample size and the product of p(1 p) are - (different/the same) in both calculations. |
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