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Not sure If I'm doing this correctly. d) Suppose the painting company now wants to know what percentage of the quotes that they have made

Not sure If I'm doing this correctly.

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d) Suppose the painting company now wants to know what percentage of the quotes that they have made come from homes in Anytown. In the same 150 quotes that were discussed on the previous page it was found that 30 came from homes in Anytown. The company is now trying to decide on whether they believe that: 1) The percentage of all quotes that come from Anytown is 15% and the fact that the sample shows a higher percentage is just a result of random chance. OR 2) The percentage of all quotes that come from Anytown is higher than 15% and the sample is evidence of this. Suppose we run a simulation using the web applet on Blackboard to assess whether or not seeing a sample where 30 quotes (out of 150) come from Anytown is surprising if the actual overall percentage of quotes that come from Anytown is really 15%. Use the results from the simulation which appear in the graphic below to answer the following questions. 0.0615 Proportion of samples: i) (3pts) We should use probability of success = 123 / 2000 = 0.0615 0.0615 ii) (3pts) We should use sample size = 120 Number of samples used = 2000 (any number greater than or equal to 1000 is acceptable) 12 16 20 24 28 32 36 12 30 Number of quotes coming from Anytown iii) (10pts) Write a paragraph below explaining what decision you would reach and why. Use evidence from the simulation to support your conclusion

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