User Account

All Pages

Estimate percentage of business that plan to hire employee

Assignment Help Basic Statistics
Reference no: EM131649151

Question: Hiring. In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days.

a) How many randomly selected employers must we contact in order to create an estimate in which we are 98% confident with a margin of error of 5%?

b) Suppose we want to reduce the margin of error to 3%. What sample size will suffice?

c) Why might it not be worth the effort to try to get an interval with a margin of error of only 1%?

Reference no: EM131649151

Questions Cloud

Describe what behavioral and cultural themes : Describe what behavioral and cultural themes you see and describe how the Coca Cola ad themes have changed or remained the same over the years.
How does the european investment bank : Question: How does the European Investment Bank help new businesses apply tax benefits.
Turn down a request to contribute to a fund-raiser : Write a brief response for these office situations. Turn down a request to contribute to a fund-raiser.
Determining the different types of waste : From the first e-Activity, examine at least three different types of waste that can be found in an organization of your choice.
Estimate percentage of business that plan to hire employee : Hiring. In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days.
Explain and defend why you agree or disagree : Prepare a minimum 700-word analysis including following- Calculate company's weighted average cost of capital. Explain and defend why you agree or disagree.
Plan of action for encouraging ethical behavior : Select a small business with which you are familiar and develop a plan of action for encouraging ethical behavior.
Performance between traditional airlines and budget airlines : discuss the difference in performance between the traditional airlines and the budget airlines and the business models they are operating.
Estimate proportion of non-grads to within given confidence : How many of this younger age group must we survey in order to estimate the proportion of non-grads to within 6% with 90% confidence?

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!

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