Question
In2016the Better Business Bureau settled77%of complaints they received in the United States. Suppose you have been hired by the Better Business Bureau to investigate the
In2016the Better Business Bureau settled77%of complaints they received in the United States. Suppose you have been hired by the Better Business Bureau to investigate the complaints they received this year involving new car dealers. You plan to select a sample of new car dealer complaints to estimate the proportion of complaints the Better Business Bureau is able to settle. Assume the population proportion of complaints settled for new car dealers is 0.77, the same as the overall proportion of complaints settled in2016. Use thez-table.
a.Suppose you select a sample of200 complaints involving new car dealers. Show the sampling distribution of.
answer(to2 decimals)
answer(to4 decimals)
b.Based upon a sample of200 complaints, what is the probability that the sample proportion will be within0.01of the population proportion (to4 decimals)?
probability=
c.Suppose you select a sample of470complaints involving new car dealers. Show the sampling distribution of.
answer(to 2decimals)
answer(to4 decimals)
d.Based upon the larger sample of470 complaints, what is the probability that the sample proportion will be within0.01 of the population proportion (to 4decimals)?
probability=
e.As measured by the increase in probability, how much do you gain in precision by taking the larger sample in part (d)?
The probability of the sample proportion being within0.01 of the population mean is increased by (answer)(to3decimals). There is a gain in precision by- Select your answer -
increasing
decreasing
the sample size.
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