Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cl. What is the upper bound of the confidence interval? e. Would it be reasonable to conclude that the population mean is 28 kg? 3.

image text in transcribed
cl. What is the upper bound of the confidence interval? e. Would it be reasonable to conclude that the population mean is 28 kg"? 3. Past surveys reveal that 30% of tourists going to Las Vegas to gamble during a weekend spend more than $1,000 (this is the population proportion). Management at one of the major casinos in Las Vegas would like to update this percentage. The new study is to use the 95% confidence level, and the maximum allowable error is to be 1% of the population proportion. What is the necessary sample size? (Hint: don't forget to make the percentages rates) 4. An owner of a local gas station wants to know the proportion of customers who use her pay-at- the~purnp feature. This feature allows customers to use a credit card at the pump and never enter the station. She surveyed 200 customers and found that 150 used the pay-atthe~pump feature. ' a. What is the sample proportion of people who use the pa-v-at-the-pump feature? b. Suppose she wants to create .a confidence level using the 90%'IEVeI of Confidence. What

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

Fundamentals Of Complex Analysis With Applications To Engineering And Science

Authors: Edward B Saff, Arthur D Snider

3rd Edition

0321997506, 9780321997500

More Books

Students also viewed these Mathematics questions