User Account

All Pages

Compute the population proportion of older consumers

Assignment Help Basic Statistics
Reference no: EM131689474

Question: The number of older consumers in the United States is growing, and they are becoming an even bigger economic force. Many feel overwhelmed when confronted with the task of selecting investments, banking services, health care providers, or phone service providers. A telephone survey of 1,900 older consumers found that 27% said they didn t have enough time to be good money managers (Extracted from Seniors Confused by Financial Choices Study, msnbc.com, May 6, 2004).

a. Construct a 95% confidence interval for the population proportion of older consumers who don t think they have enough time to be good money managers.

b. Interpret the interval in (a).

Reference no: EM131689474

Questions Cloud

Write java application that assigns hourly wages to employee : Write a Java application that assigns hourly wages to employees. Create EmployeeException class whose constructor receives String that consists of employee ID.
Effect of sample size on the confidence interval estimate : In a survey conducted for American Express, 27% of small business owners indicated that they never check in with the office when on vacation.
What is the distinction between bcnf and 3nf : What problems does schema normalization solve? What are the steps of normalization? What is the distinction between BCNF and 3NF?
Denial of service to the legitimate users : Could access by unauthorized people to a computing system result in a 10 percent denial of service to the legitimate users? How?
Compute the population proportion of older consumers : Construct a 95% confidence interval for the population proportion of older consumers who don t think they have enough time to be good money managers.
Explain the issue and the things that are being done : What impact do you think globalization has on how this issue is being addressed? Explain the issue and the things that are being done to address it.
Explain the roles or functions of standards : Explain the roles or functions of Standards, Standards Organizations, and Protocols from a local to a global perspective."
Discuss psychological disorders in perspective : The essence of this section is an overall view of the incidence and prevalence of mental and emotional disorders in the United States
Defines method to add a cellphoneaccount object to the array : Defines method to add a CellPhoneAccount object to the array. Defines method to read file data and use it to create objects and put them in the array.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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