Draw a random sample

Assignment Help Basic Statistics
Reference no: EM131056864

Suppose a population proportion is .40, and 80% of the time when you draw a random sample from this population you get a sample proportion of .35 or more. How large a sample were you taking?

Round your answer to the nearest integer.

n =?

The tolerance is +/- 1.

Reference no: EM131056864

Questions Cloud

An exponential life distribution with mean ? : Mixture of exponentials. Suppose that a population contains a proportion p of units from an exponential life distribution with mean θ, and the remaining proportion 1 -p from an exponential life distribution with mean θ,. Proschan (1963) treats suc..
What driving factors might influence the development : What driving factors might influence the development of this technological innovation? Why? What technological innovation do you think will have a significant impact on the future growth of the field of health informatics on a global level? How?
Issues financial constraints-lack of contacts-legal issues : Businesses, especially small and medium sized businesses face significant obstacles when expanding globally. Identify the obstacles businesses face in the area of recruiting and selecting employees when first expanding into an international market. A..
Ballet lessons before the season : A Coach in a large secondary school thinks that ballet training will improve his football teams scoring average/game. He has half of the team members take ballet lessons before the season.
Draw a random sample : Suppose a population proportion is .40, and 80% of the time when you draw a random sample from this population you get a sample proportion of .35 or more. How large a sample were you taking?
Hedging with currency derivatives : Hedging With Currency Derivatives. Assume that U.S. firms that have no other foreign transactions anticipate the forward purchase transaction. What are possible ways to hedge the transactions according to the following scenario? Yale Corp. has a subs..
The range of allowable values of the location and scale : (a) Determine the range of allowable values of the location and scale (b) Verify that the function is a cumulative distribution function.
Lane french had bad credit rating : Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $109.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the near..
Probability of getting a sample average cost : What is the probability of getting a sample average cost of less than $17,500? Assume that only 120 dealerships in all of New South Wales sell this car.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What are relationships procedural justice and organization

Controlling for gender, age and tenure with supervisor, what are the relationships of procedural justice and organizational politics on an employee's organizational commitment? Are the effects of organizational politics moderated by an employee's..

  Reject the null hypothesis

When do you use a one-tailed test? How do you find the critical values for one-and two tailed tests? When do you reject the null hypothesis? Under what circumstances is the null accepted?

  Information about binomial distribution

Given a binomial distribution with n=29 and p=0.83, would the normal distribution provide a reasonable approximation? Why or why not.

  What is the probability that the premium will cover benefits

The single premium charged for this contract is the expected value plus 20%. What is the probability that the premium will cover the benefits?

  Integer programming model to maximize profit

Jeweller desires to know how many of each item to make each week to maximize profit. Create the integer programming model for this problem (written in format similar to way Problems 1 and 2 were presented).

  Modelling and coefficient of determination

The managers of a brokerage firm are interested in finding out if the number of clients a broker brings into the firm affects the sales generated by the broker.

  Appropriate conclusion of sample t-test based on p-value

Suppose you want to test the hypothesis that students who study one week before score different from students who study the night before. A 2 sample t-test test is run based on your data and a p-value is calculated to be 0.0219. What is the approp..

  Describe shape-center and spread of data after omit outlier

Which depressed this tobacco company stock.) Describe the shape, center, and spread of the data after you omit the outlier. (c) The data appear in time order readi.

  Successive observations of the dependent variable

There are assumptions of multiple regression. One of them is: the residuals are independent. This means that successive observations of the dependent variable are not correlated.

  Mean waste generated per person per day

In a random sample of 10 adults from a nearby county, the mean waste generated per person per day was 4.35 pounds and the standard deviation was 1.88 pounds.

  Find mean and standard deviation for numbers of boys

Find the mean and standard deviation for the numbers of boys in groups of 51. b) Is the result of 39 boys unusual? Does it suggest that the gender-selection method appears to be effective?

  Detail the value of using standard scores

Could you detail the value of using standard scores (Z scores) to compare relative performance of individual test scores.

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