Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A market researcher selects a simple random sample of n=100 users of a social media website from a population of over 100 million registered

image text in transcribed

A market researcher selects a simple random sample of n=100 users of a social media website from a population of over 100 million registered users. After analyzing the sample, she states that she has 95% confidence that the mean time spent on the site per day is between 15 and 57 minutes. Explain the meaning of this statement Choose the correct answer below OA. One is 95% confident that the true mean time all registered users spend on the site per day is between 15 and 57 minutes OB. During any given day there is a 95% chance that the mean time all registered users spent on the site was between 15 and 57 minutes OC. Of the over 100 million registered users, 95% of them spend between 15 and 57 minutes on the site per day OD. There is a 95% chance that a randomly selected registered user spends between 15 and 57 minutes on the site per day

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

Business Statistics A First Course

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

7th Edition

9780321998217, 032197901X, 321998219, 978-0321979018

More Books

Students also viewed these Accounting questions