Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 500 houses in a certain suburb yielded 200 of which contained a 'fax' machine. Establish a 90% confidence interval for the

A random sample of 500 houses in a certain suburb yielded 200 of which contained a 'fax' machine. Establish a 90% confidence interval for the true proportion of houses in this suburb which contain fax machines. Use the following template to answer this question. I. What is the parameter of interest? lI. What is the point estimator? III. What is the associated sampling distribution (how do you know this?). IV. Specify the formula for the 90% confidence interval estimator for the parameter. V. Perform the necessary calculations and write down the lower and upper limits of the 90% confidence interval. VI. Interpret the calculated confidence interval. (1 mark) VI. Describe what happens to the width of the confidence interval when the sample size decreases to 400, assuming that the sample proportion remains the same. VIII. Describe what happens to the width of the confidence interval when the confidence level increases to 95%, assuming the sample size is 500.

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

Calculus

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

9th edition

131429248, 978-0131429246

More Books

Students also viewed these Mathematics questions

Question

C 1 Apply Your Knowledge: Creating a basic HTML Webpage

Answered: 1 week ago

Question

The domain of the variable in the expression x 3/x + 4 is________.

Answered: 1 week ago

Question

D. Do you consider this sales message plausible?

Answered: 1 week ago

Question

F. The training manual for managers are online.

Answered: 1 week ago