Confidence intervals for the proportion of us adults

Assignment Help Basic Statistics
Reference no: EM131405309

In a survey of 500 U.S. adults, 45% of them said that lounging at the beach was their "dream vacation."

Assuming this to be a simple random sample of U.S. adults, construct and interpret the 95% and 99% confidence intervals for the proportion of U.S. adults who consider lounging at the beach to be their dream vacation.

Reference no: EM131405309

Questions Cloud

Find what is the companys weighted average cost of capital : WACC: The Corporation has a targeted capital structure of 80% common stock and 20% debt. The cost of equity is 12% and the cost of debt is 7%. The tax rate is 30%. What is the company's weighted average cost of capital (WACC)?
How many television households must be included in sample : A ratings service would like to know, within 5 percentage points and with 95% confidence, the percentage of these households who tune in to the first episode of a network miniseries. How many television households must be included in the sample?
Revenue maximizing price for a bundle : Having surveyed them he finds out that 2 of the pistachio buyers are willing to pay$2 for the almonds bag, while the other two are willing to only pay $1. Both of the almond buyerswould be willing pay $5 for the pistachio bag. What is the revenue ..
Making loans or buying financial securities : "A commercial bank creates money "out of thin air" by making loans or buying financial securities". Briefly explain how. What limits a bank's ability to create money, ie why can't a bank create unlimited amounts of money?
Confidence intervals for the proportion of us adults : Assuming this to be a simple random sample of U.S. adults, construct and interpret the 95% and 99% confidence intervals for the proportion of U.S. adults who consider lounging at the beach to be their dream vacation.
Explain the five phases of the project : OPS/571 - OPERATIONS MANAGEMENT. Review the Project Management Email. Create an 1,050-word analysis and recommendation in which you address the following: Explain the five phases of the project. Provide a detailed description of each phase
Pedro is his familys main breadwinner : Pedro is his familys main breadwinner. Because of this fact, he can count on his wive,Lourdes, providing 4 hours of daily home (non-market) services for him. Lourdess productivity at home can be estimated at $15 per hour. Pedros net earnings are $..
Environmental protection agency : In the area of agricultural chemicals, the Environmental Protection Agency requires detailed labeling on cans of pesticides and herbicides. Generally speaking, the industry not only does not oppose these labeling requirements, but even supports go..
Probability confidence intervals not contain population mean : Twenty different simple random samples, each with n = 50, are to be drawn from the process, and a 90% confidence interval for the mean is to be constructed for each sample.- What is the probability that at least 2 of the confidence intervals will n..

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