Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use MS Excel for this question, that is all calculations should be done using the MS excel functions. the MS excel file is in the

image text in transcribed

Use MS Excel for this question, that is all calculations should be done using the MS excel functions. the MS excel file is in the goggle drive link

https://docs.google.com/spreadsheets/d/1fwg87rb38gz8NKvIX6i7Xmw2u12NsnYK/edit?usp=sharing&ouid=114188060751964743273&rtpof=true&sd=true

image text in transcribed
Q4. (8 marks) a. Assume that the annual profit from farming is nearly normally distributed. Individual earning less than $2000 is believed to be in poverty. Calculate what proportion of sugar cane farmers are in poverty? (3 marks) b. A researcher intends to estimate population proportions of farmers in Fiji are in poverty. The researcher intends to be 99% confident and expects that his estimation to be within 3% of population proportion. How large sample size should be taken to achieve these conditions. (3 marks) c. Which sampling procedure would you recommend to the researcher in part (b), provide reason for your answer. (2 marks)

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

Introductory Real Analysis

Authors: A N Kolmogorov, S V Fomin, Richard A Silverman

1st Edition

0486134741, 9780486134741

More Books

Students also viewed these Mathematics questions

Question

What are the different techniques used in decision making?

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago