Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the situation below identify the population and the sample and explain what p and $ represent if appropriate and what the value of $

  • For the situation below identify the population and the sample and explain what p and $ represent if appropriate and what the value of $ is. Would you trust a confidence interval for the true proportion based on these data? Explain briefly why or why not. A marketing analyst conducts a large survey of her customers to find out how much money they plan to spend at the company website in the next 6 months. The average amount reported from the 556 respondents is $141.72. What is the population? O A. All marketing analyst websites O B. All the websites of the marketing analyst customers O C. All marketing analvsts O D. All customers of the marketing analyst Identify the sample. Choose the correct answer below. O A. The 556 customers who responded to the survey O B. All the customers to whom the survey was sent O C. The average amount reported by the 556 customers who responded O D. The 556 amounts that were recorded from the survey Explain what p represents. Choose the correct answer below. O A. This situation is about a mean, not a proportion. • B. The average amount that will be spent by the marketing analysts customers O C. The proportion of the 556 respondents who will spend more than $141.72 O D. The proportion of all customers who will spend more than $141.72.

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_2

Step: 3

blur-text-image_step3

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

Probability & Statistics For Engineers & Scientists

Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying

7th Edition

ISBN: 9789813131279, 130415294, 9813131276, 978-0130415295

More Books

Students also viewed these Statistics questions

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

List the key components within occupational health and safety.

Answered: 1 week ago

Question

Identify the general types of employment laws in Canada.

Answered: 1 week ago

Question

Describe discrimination and harassment in the workplace.

Answered: 1 week ago