A sales manager wants to know what proportion of her accounts are inactive. How many accounts should

Question:

A sales manager wants to know what proportion of her accounts are inactive.

How many accounts should she examine if she wants her confidence interval to be no more than w = .08 (w being the desired maximum width of the confidence interval) with 95 % confidence.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

See More Books

Question Posted: Mar 03, 2024 07:01 AM

See More Questions

Children's Hospital & Clinics COO Julie Morath set out to change the culture by instituting a policy of blameless reporting, which encourages employees to report anything that goes wrong or seems...
You have completed your first meeting with Harper and Riley Evans. You are confident that you now have most of the information you will need to prepare a comprehensive financial plan for them. Beyond...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
How many orders of magnitude is 3 . 2 \ times 1 0 - 9 m smaller than 0 . 0 0 0 0 4 m ?
Based on your personal and/or professional experience, discuss some gender or generational differences in communication styles that you have observed.
Chlorine (Cl 2 ) and fluorine (F 2 ) react to form ClF 3 . A reaction vessel contains 10.00 g Cl 2 and 10.00 g F 2 . (a) Write a balanced chemical equation for this reaction. (b) Which reactant is...
What Role Does HR Play in Motivation? (pp. 8992)
The December 31, 2014, unadjusted trial balance for Musical Sensations after its second year of operations follows: Required 1. Enter the unadjusted trial balance onto a work sheet. 2. Using the...
John Fleming, chief administrator for Valley View Hospital, is concerned about the costs for tests in the hospital s lab. Charges for lab tests are consistently higher at Valley View than at other...
Southwestern University (SWU), a large state college in Stephenville, Texas, enrolls close to 20,000 students. The school is a dominant force in the small city, with more students during fall and...
A company manager wishes to estimate the mean length of time it takes company crews to do certain jobs. She wants to estimate m within 7 min with 95 % confidence. Because the value of , the...
If a normal population is known to have equal to 10, how large a sample should we take in order to be 90 % confident that the sample mean will not differ from the population mean by more than .75...
The following data represent the number of minutes customers at Wendys had to wait in the drive-through line before their order was taken. 1 4 6 0 4 3 10 0 4 Calculate the z-scores for the following...
In the introduction to "The Five Sexes," Anne Fausto-Sterling writes that she had to "invent conventions - s/he and his/her - to denote someone who is clearly neither male nor female or who is...
Select a product described as one of the "Biggest Product Flops" of 2019 that you will bring back to the market. To, you will need to engage in some research to understand why the product failed to...
Breaking the Bank Case Questions (video found at: http://www.pbs.org/wgbh/pages/frontline/breakingthebank/view/?utm_campaign=viewpage &utm_medium=grid&utm_source=grid) 1) To what extent were the...
Please answer in full and write legibly. Suppose Alice has taken 7 classes college, and her current GPA is 3.48 (assume for simplicity that all courses carry the same number of credits). Answer the...
F. Explain how to overcome two potential biases (e.g., prejudice, discrimination) using culturally competent strategies that will help improve stakeholder communication. G. Explain how to mitigate...
Describe a situation where a loss on the sale of business or investment property is not currently deductible, and explain why.
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
How does sensitivity analysis interact with break-even analysis?
We are evaluating a project that costs $780,000, has an eight-year life, and has no salvage value . Assume that depreciation is straight-line to zero over the life of the project. Sales are projected...
For each statement that follows, identify the inventory cost formula that best fits the description, assuming a period of rising prices: (a) It results in a balance sheet inventory amount that is...
The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Total Dirt Bikes Mountain Bikes...
?? A local college is deciding whether to conduct a campus beautification initiative that would imvolve various projects, such as planting trees and remodeling bulidings, to make the campus more...
A company has net income of $196,000, a profit margin of 9.7 percent, and an accounts receivable balance of $135,370. Assuming 70 percent of sales are on credit, what is the companys days sales in...

A sales manager wants to know what proportion of her accounts are inactive. How many accounts should

Question:

Step by Step Answer:

To determine the required sample size we can follow these steps 1 Identify the critical value zscore ...View the full answer

Statistics For Business And Financial Economics

Students also viewed these Business questions