Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

any local businesses support the idea of an Internet sales tax, helping them compete with large online retailers. A nationwide survey of 1397 randomly chosen

any local businesses support the idea of an Internet sales tax, helping them compete with large online retailers. A nationwide survey of 1397 randomly chosen Americans and found a 95% confidence interval for the proportion who support Internet sales tax to be (0.30, 0.38). (a) Which inference procedure is appropriate in this context?

one sample t-interval two sample t-interval t-interval for paired data one sample z-interval

(b) How should this confidence interval be interpreted?

With 95% confidence, a randomly chosen American who supports Internet sales tax is inside this interval. With 95% confidence, the proportion of Americans who support Internet sales tax from this sample of 1397 people is inside the interval. With confidence, 95% of Americans who support Internet sales tax are inside this interval. With 95% confidence, the proportion of all Americans who support Internet sales tax is inside this interval.

(c) What is the margin of error of this survey? What is the sample statistic, p? (d) Suppose we changed the confidence level to 99%. How would the following quantities change? The standard error would . The critical value would . The confidence interval would become .

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_2

Step: 3

blur-text-image_3

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

Introductory Algebra Concepts And Graphs

Authors: Charles P McKeague

1st Edition

1630980110, 9781630980115

More Books

Students also viewed these Mathematics questions

Question

What do you think the natural cause of your problem is?

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago