Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi-I need assistance on the attached homework assignment. I am not sure how to set up the data in Excel. Homework assignment: Suppose that there

Hi-I need assistance on the attached homework assignment. I am not sure how to set up the data in

Excel.

Homework assignment:

Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 21 friends, and 14 said that they are voting for candidate Jones. Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.

1. Based on what you now know about statistical inference, is Sara's conclusion a logical conclusion? Why or why not. What inference test should she use?

2. What z-score did she obtain?

3. What should her conclusion state?

4. Compute the 95% confidence interval?

5. What role does the margin of error play in determining how many individuals should be sampled if we desired a margin of error plus or minus .000001?

6. How would you explain your conclusion to Sara without using any statistical jargon? In other words, is her original sample size sufficient or should she interview more people to obtain an accurate prediction.

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

Essentials of Business Analytics

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

2nd edition

1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734

More Books

Students also viewed these Mathematics questions