User Account

All Pages

Confident that the margin of error of estimate

Assignment Help Basic Statistics
Reference no: EM131717611

Solve:

A local men's clothing store is being sold. The buyers are trying to estimate the percentage of items that are outdated. They will choose a random sample from the 100,000 items in the store's inventory in order to determine the proportion of merchandise that is outdated. The current owners have never determined the percentage of outdated merchandise and cannot help the buyers. How large a sample do the buyers need in order to be 95% confident that the margin of error of their estimate is about 5%?

Please show all steps

Reference no: EM131717611

Questions Cloud

What ways could a researcher manage and organize the data : Qualitative data has been described as voluminous and sometimes overwhelming to the researcher. In what ways could a researcher manage and organize the data?
What are non-professional providing psychological first aid : In what ways might the application of psychological first aid differ for survivors of a natural versus a human-made disaster?
What should be hathaway net operating income in april : Hathaway Inc. produces and sells golf umbrellas to local resorts. What should be Hathaway's net operating income in April based on a flexible budget
Current nursing advocacy policies regarding lgbtq health : Discuss your viewpoint on the current nursing advocacy policies regarding LGBTQ health and what improvements and steps can be taken by advanced practice nurses
Confident that the margin of error of estimate : How large a sample do the buyers need in order to be 95% confident that the margin of error of their estimate is about 5%?
Discuss international ethics standards for business : Discuss International Ethics Standards for Business. Create a chart in a Microsoft Word document comparing the four selected theories.
What should be the total direct materials cost : What should be the total direct materials cost according to Hoppe's flexible budget for December
Types of qualitative research : qualitative research are phenomenological, grounded theory, and ethnographic research. What are the differences and similarities between two of the three types
Data and create scatter plot using : Take the following data and create scatter plot using. ( use Excel On the top tab bar Find Insert Then find Charts And find Scatter you have to put the data.

Reviews

Write a Review

Basic Statistics Questions & Answers

  An article in a medical journal found that percutaneous

an article in a medical journal found that percutaneous nephrolithotomy pn had a success rate in removing kidney stones

  Calculate the probability that the series ends in 4 games5

suppose that two evenly matched teams say team a and team b each with probability.5 of winning any given game make it

  Interpret confidence interval for true average decay rate

Find and interpret a 95% confidence interval for the true average decay rate of fine particles produced from oven cooking or toasting.- Explain what the phrase ‘‘95% confident'' implies in the interpretation of part a.

  Identify the sampling distribution of the sample mean

Construct a frequency distribution of the sample mean, and plot a histogram of this distribution. Use the central limit theorem to calculate and identify the sampling distribution of the sample mean.

  Continuing effects of colonialism in region

Considering the effect that colonialism has had on the world today, how has and/or does Colonialism continue to affect the world? Choose one country or area that we have studied and discuss the continuing effects of colonialism in that region.

  Center line and control limits for this chart

Dry bleach. The net weight (in ounces) of boxes of dry bleach are monitored by taking samples of 4 boxes from each hour's production. The process mean should be µ = 16 oz.

  The probability that a randomly selected senator

What is the probability that a randomly selected senator is a Republican or is up for reelection in November 2014?

  What was the standard deviation and mean sales

That 95% of all daily sales fell between $19,200 and $36,400. Based on this information what were the mean sales? What was the standard deviation?

  Figure out the amounts of the two missing checks

Your bank sends you a summary statement, giving the average amount of all checks you wrote during the month.- Using this and the information provided by the bank, can you figure out the amounts of the two missing checks?

  Create a bar chart with an appropriate vertical axis

Create a bar chart with an appropriate vertical axis, horizontal axis, and title - what your final chart should look like, although your titles and numbers will be different. Remove my example and insert your own.

  Construct a box and whisker plot and summarize the

question wageweb.com exhibits salary data obtained from surveys. it provides compensation information on over 170

  Advantage of packet switching vs circuit switching

The advantage of packet switching vs. circuit switching. The following figure shows that many users are sharing a 4Mbps access link to the Internet. Suppose each user is either in active status that required data access rate of 100k Bytes/second, ..

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