Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the questions...no need detail explanation Question 1 A budget airline wants to estimate what proportion of customers would pay $14.50 for in-flight wireless Internet

image text in transcribedimage text in transcribed

Answer the questions...no need detail explanation

Question 1

image text in transcribedimage text in transcribedimage text in transcribed
A budget airline wants to estimate what proportion of customers would pay $14.50 for in-flight wireless Internet access. Given that the airline has no prior knowledge of the proportion, how many customers would it have to sample to ensure a margin of error of no more than 4.2% for a 95% confidence interval? A. 543 B. 544 C. 545 D. 542According to a report, more and more parents are helping their young adult children get homes. Suppose 28 persons in a random sample of 64 young adults who recently purchased a home in Sandakan received help from their parents. You have been asked to construct a 95% confidence interval for the population proportion of all young adults in Sandakan who received help from their parents. What is the margin of error for a 95% confidence interval for the population proportion? A. 0.1215 B. 0.1542 C. 0.1838 D. 0.1020Suppose taxi fares from the airport to the city is normally distributed and a sample of seven taxi fares produces a mean fare of $18.97 and a 95% confidence interval of [$18.91, $19.12]. Which of the following statements is a valid explanation of the confidence interval? A. The mean amount of a taxi fare is $18.97, 95% of the time. B. 95% of all taxi fares are between $18.91 and $19.12. C. We are 95% confident that a randomly selected taxi fare will be between $18,91 and $19.12. D. We are 95% confident that the average taxi fare between the airport and the city will fall between $18.91 and $19.12

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

Concepts In Discrete Mathematics

Authors: Mofidul Islam

1st Edition

9353146372, 9789353146375

More Books

Students also viewed these Mathematics questions

Question

5. Give some examples of hidden knowledge.

Answered: 1 week ago