Confidence interval to estimate the proportion of fans

Assignment Help Basic Statistics
Reference no: EM131045063

Problem: A university would like to estimate the proportion of fans that purchase concessions at the first basketball game of the season. The basketball facility has a capacity of 3,600 and is routinely sold out. It was discovered that a total 230 fans out of a random sample of 500 purchased concessions during the game. Construct a 95% confidence interval to estimate the proportion of fans who purchased concessions during the game.

The 95% confidence interval to estimate the proportion of fans who purchased concessions during the game is ()

Reference no: EM131045063

Questions Cloud

Question regarding the poportion of ratios : The price-earnings ratios of a sample of stocks have a mean value of 13.5 and a standard deviation of 2. if the ratios have a bell-shaped distribution, what can we say about the poportion of ratios that fall between 9.5 and 17.5?
What is default risk premium on the corporate bond : A Treasury bond that matures in 10 years has a yield of 4.58%. A 10-year corporate bond has a yield of 6.63%. Assume that the liquidity premium on the corporate bond is 0.51%. What is the default risk premium on the corporate bond?
Confidence level for the mean vitamin : A study of the quality of the production process at a factory measured vitamin C in specimens of corn-soy blend. For a random sample size of 9 the mean vitamin C is 25.5 miligrams. The sample standard deviation (s) is 8.21, and we want to find a 9..
What is the maximum price you should pay for this stock : The Auto Company just paid a dividend of $3.00 and analysts expect the dividend to grow at its compound average growth rate of 10.72% forever. You plan to purchase the stock then hold it for 10 years. Your expected rate of return is 12%, and the next..
Confidence interval to estimate the proportion of fans : Problem: A university would like to estimate the proportion of fans that purchase concessions at the first basketball game of the season. The basketball facility has a capacity of 3,600 and is routinely sold out.
How else could one ensure that the penalty was finite : How else could one ensure that the penalty was finite?
Share at least one personal example in current employment : Share at least one personal example, in current employment or past employment, of a Knowledge Management System that you have used. Share briefly if they were successful or not and why.
Write application that uses interactive gui based on jframe : Write a Java Application that uses an interactive Graphical User Interface (GUI) based on the JFrame class using SWING GUI components
Treasury bills outperformed inflation year during period : Treasury bills outperformed inflation every year during the period 1925-2012. Small-company stocks outperformed large-company stocks every year during the period 1925-2012. On an annual basis, small-company stocks had more consistent rates of return ..

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!

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