Computing z test for population proportions

Assignment Help Basic Statistics
Reference no: EM13106630 , Length:

Speaking to a group of analysts in January 2006, a brokerage firm executive claimed that at least 70% of investors are currently confident of meeting their investment objectives. A UBS Investor Optimism Survey, conducted over the period January 2 to January 15, found that 272 of 400 investors were confident of meeting their investment objectives (CNBC, January 20, 2006). Test the executive's claim against the suitable alternative at α = .05.

a) In proper notation, state the hypotheses of this test.

b) Show your calculation of the test statistic. ______ = ______________

c) Give the p-value of the test to 4 decimals. p = ________________________

d) What is the conclusion about the issue in question ?

 

Verified Expert

The given solution is prepared in MS word and pdf documents. The solution is about company registration and discusses share issues and justification of several sections of the company act 2001. The document includes title page, constitution requirement, justification of the act and the reference page. This is the verified solution and it answers all questions required.

Reference no: EM13106630

Questions Cloud

Z test for proportion of blower accident data : Men are usually the snow blower accident victims. There are several factors to consider, but we're going to choose the level of operating experience between men ages 21-35.
Find the magnitude of book velocity : Find the magnitude of book's velocity, just before the book reaches the floor. Find the direction of book's velocity, just before the book reaches the floor.
Explain the status of the internet contract : Beth advertised her 2005 Corvette for sale on the Internet. In her advertisement, she falsely stated that the vehicle had only been driven 60,000 miles when in fact it had been driven 160,000 miles.
Prepare a powerpoint presentation for this requirement : The owners also desire information regarding techniques, processes and procedures associated with quantitatively measuring and evaluating several key business functions. The owners have asked you to prepare a PowerPoint presentation for this requi..
Computing z test for population proportions : Speaking to a group of analysts in January 2006, a brokerage firm executive claimed that at least 70% of investors are currently confident of meeting their investment objectives.
How long must the runway be for airplane b : Airplane A , starting from rest with constant acceleration, requires a runway 600{\rm m} long to become airborne.
Determine the minimum number of workstations : An assembly line with a number of tasks is to be balanced. The sum of the task times is 62 minutes. The line will operate for 6 hours per day.
Illustrate what resources the company is using : illustrate what resources the Company is using and explain how it is deploying them in the running of the business; illustrate what are the organisational capabilities?
Description of z test for population mean : Wall Street securities firms paid out record year-end bonuses of $145,500 per employee for 2005 (Fortune, February 6, 2006). Suppose we would like to take a sample of employees at the Jones & Ryan securities firm to see whether the mean year-end b..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Type of sampling technique

To test the effectiveness of a new type of plastic handcuffs, a law enforcement agency puts the cuffs on a sample of 30 persons who belong to the local weightlifting club. None is capable to break free from the cuffs. What type of sampling techniq..

  Describing step of analytical hierarchy process

First step of analytical hierarchy process doesn't include?

  Random variable of the continuous type

Let X be a random variable of the continuous type that has pdf f(x). If m  is the unique median of the distribution of X and b is a real constant, show that  E(X - bl) = E(X - ml) + 2 [(b - x)f(x) £lx,  provided that the expectations exist.

  Estimating the population correlation coefficient

a) Specify the null and alternate hypotheses for testing that the population correlation is negative. b) Calculate the estimate of the population correlation coefficient between X and Y.

  Sampling distribution of x-bar

What is the mean and standard deviation of the sampling distribution of x-bar assuming that mean =20 and standard deviation equals the square root of 20?

  Identifying the statistical formulas

As a manager of an organization, what statistics would you use and why if you wanted to estimate your annual employee turnover? Be sure to specifically identify the statistical formulas and what additional data you would need to determine your est..

  Analysis of multiple regression and correlation

Multiple regression and correlation analysis provides a means for examining the relationship between of two (2) or more independent variables and the dependent variable.

  Continuous probability distribution problems

Given that Z is a standard normal random variable. What is the value of Z if the area to the left of Z is 0.9382?

  Estimating the monthly cost of electricity

They decide to sample some fast-food restaurants currently operating to estimate the monthly cost of electricity. They want to be 90% confident of their results and want the error of the interval estimate to be no more than $100.

  Gasoline prices in the twin cities area

The Minneapolis Star Tribune newspaper has decided to write an article about gasoline prices in the Twin Cities area (Minneapolis and St. Paul).

  Calculate the variance of the number of breakdowns

Bill Russ, the production manager at Ross Co., maintains detailed records on number of times each machine breaks down and requires service all through the week. Bill records show that the Puret grinder has required repair service according to the ..

  Method of financing

Due to large losses incurred in the past several years, a firm has $2 billion in tax-loss carryforwards. This means that the next $2 billion of the firm's income will be free from corporate income taxes.

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