Calculate confidence interval

Assignment Help Business Management
Reference no: EM133040296

Scott Gerber of Young Entrepreneur Council teamed up with Buzz Marketing Group (and sponsor LegalZoom.com) to put together a survey of 1,000+ college students and recent graduates. https://www.businessinsider.com/youth-entrepreneurship-council-2011-2#

They asked questions about entrepreneurship, the economy and business aspirations.

Here are the major findings:

-36% are "sidepreneurs," i.e. they've started businesses in addition to getting their degrees

-21% Started businesses because they are unemployed.

-69% would like to work for an entrepreneur

-89% feel entrepreneurship education is important given the new economy and job market

-73% were not offered classes in entrepreneurship

-70% who took entrepreneurship classes said they were not adequateFrom the survey results, we can gather that the demand for entrepreneurship is high, and our education system isn't adapting quickly enough.

The survey was based on 1635 respondents.

Answer the following questions based only on the first finding (36% figure) above (2.0 points).

-Write a one sentence interpretation of your 95% confidence interval.

-Calculate both a 95% confidence interval and a 90% confidence interval. See directly below for how to do this. The 90% CI is the same except to change the 95 to 90. What is the difference in the width (upper - lower limits) of the 2 confidence intervals? Which confidence interval gives you a more precise estimate (smaller width)?

Reference no: EM133040296

Questions Cloud

Prepare the income statement for the year ended december : Use the information in the trial balance to prepare the income statement for the year ended December 31, 2020
Digital world of banking : -After the events of January 6, 2021, Twitter and Facebook banned the former president out of fear that his rhetoric would inspire further violence.
What is the value of the ending inventory : An end-of-the-month (1/31/2022) inventory showed that 190 units were on hand. If the company uses LIFO, what is the value of the ending inventory
Compute the correct amount due : Betsy Bakeshop is famous for blueberry lemon loaves. A loaf sells for $5.99. Every day, beginning at 3 PM, the bake shop marks down their loaves by 40%.
Calculate confidence interval : They asked questions about entrepreneurship, the economy and business aspirations.
Compare southwest airlines to main competitors : Examine your Southwest Airlines by providing a detailed analysis of their financials (at a minimum, cover one ratio each from profitability, liquidity, leverag
Explain why workplace diversity is important : First, making a connection to this week's reading materials as well as the videos, explain why workplace diversity is important.
Describe kraft competitive strategies : Question 1: Describe Kraft's competitive strategies.
Calculate the contribution margin per unit : Emeka Company has provided the following information: Sales price per unit $44. Calculate the contribution margin per unit

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd