Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Wall Street Journal reported that the age at first startup for 5 5 % of entrepreneurs was 2 9 years of age or less

The Wall Street Journal reported that the age at first startup for 55% of entrepreneurs was 29 years of age or less and the age at first startup for 45% of entrepreneurs was 30 years of age or more.
(a) Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Calculate the sampling distribution of p where p is the sample proportion of entrepreneurs whose first startup was at 29 years of age or less. If required, round your answers to four decimal places.
np =
n(1-p)=
E(p)=
=
(b) Suppose a sample of 200 entrepreneurs will be taken to learn about the most important qualities of entrepreneurs. Calculate the sampling distribution of p where p is now the sample proportion of entrepreneurs whose first startup was at 30 years of age or more. If required, round your answers to four decimal places.
np =
n(1-p)=
E(p)=
=
(c) Are the standard errors of the sampling distributions different in parts (a) and (b)?
- Select your answer -
Justify your answer.
The sample size and the product of p(1 p) are
- Select your answer -
in both calculations.

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

Introduction To Corporate Finance

Authors: William L. Megginson, M.D. Lucey Brian C., Scott J. Smart, Scott B. Smart, Bill Megginson

1st Edition

184480562X, 9781844805624

More Books

Students also viewed these Finance questions

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago