Solution-Estimate the proportion of first-time customers

Estimate the proportion of first-time customers

Assignment Help Basic Statistics

Reference no: EM131444780

The president of Doerman Distributors, Inc., believes that 27% of the firm's orders come from first-time customers. A simple random sample of 100 orders will be used to estimate the proportion of first-time customers.

(a) Assume that the president is correct and p = 0.27. What is the sampling distribution of for this study?

(b) What is the probability that the sample proportion will be between .14 and .40 (to 4 decimals)?

Reference no: EM131444780

Questions Cloud

Write coherent summary of the lecturers most important ideas : Take notes based on this vedio. Notes must be a carefully written, coherent summary of the lecturer's most important idea(s). You include your own questions as part of your notes.

Does an addict ever recover : Does an addict ever recover? Provide an informed argument to support your perspective. Include in your response factors that may affect relapse, including multicultural and diversity issues. Be sure to support your postings and responses with spec..

What is being communicated in the given work : What is being communicated in this work? How is it relevant to the time and place in which it was made? Was this work successful, and WHY?

Explain database architecture and design : For each application assessment select the appropriate clinical setting (inpatient and/or outpatient), explain database architecture and design.

Estimate the proportion of first-time customers : The president of Doerman Distributors, Inc., believes that 27% of the firm's orders come from first-time customers. A simple random sample of 100 orders will be used to estimate the proportion of first-time customers.

How the concept was interpreted by the given two figures : Show similarities and differences in how this concept was interpreted by these two figures/architects/thinkers. In addition, you are required to conduct library research in order to find two more essays/chapters that can help you analyze the topic..

Null hypothesis and the hypothesis : Fancorp (a consulting firm) claims that "less than half of franchises are owned by husband-wife team." A simple random sample of 37 franchise owners shows that 12 are owned by husband-wife team. Can you confirm Fancorp's claim at α = 0.05? (Use ..

Toothpaste manufacturer claim : Set up the null and alternative hypotheses for the toothpaste manufacturer. Out of a random sample of 40 toothpaste purchases, 19 are from this manufacturer. Can you conclude the toothpaste manufacturer's claim at α = 0.024? (Use p-value approac..

City of providence supervisor : City of Providence supervisor claims that the mean weight of all garbage discarded by households each week is 29 lb. A random sample of 26 households shows that the sample mean is 33.02 with a standard deviation of 8.16 lb.

User Account

All Pages

Estimate the proportion of first-time customers

Reference no: EM131444780

Reference no: EM131444780

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT