Evaluate the confidence interval

Assignment Help Financial Accounting

Reference no: EM1310839

Confidence interval for the population proportion of adults.

A Reader's Digest/Gallup Survey on the drinking habits of Americans estimated the percentage of adults across the country that drink beer, wine, or hard liquor, at least occasionally. Of the 1516 adults interviewed, 985 said they drank. Determine the 95% confidence interval for the population proportion p of all Americans who drink beer, wine, or hard liquor, at least occasionally and interpret your result.

a) (.626, .674)

b) (.65, .69)

c) (.618, .682)

Reference no: EM1310839

Questions Cloud

What would the effect on earnings : Prepare all journal entries necessary through June to record the above transactions and events. and what would the effect on earnings have been if the forecasted purchase were not hedged?

Computation of interest expense for the first semi-annual : Computation of interest expense for the first semi-annual interest period under SLM on bonds issued

Specific labour and overhead costs : What specific labour and overhead costs would be incurred, both before and after the split off point? Again, be specific here in terms of what you think would need to be incurred.

Financial factors of management : What financial factors should management consider when deciding whether to sell a product at the split off point or process it further?

Evaluate the confidence interval : Evaluate the 95% confidence interval for the population proportion p of all Americans who drink beer, wine, or hard liquor, at least occasionally and interpret your result.

Computation of gain or loss on sale of investments : Computation of gain or loss on sale of investments and Journal entries to record purchase & sale of company's Common & Treasury stocks

Production of joint products : Discuss a production process that you think would involve the production of joint products, being sure to address the following points:

Evaluate the sample size needed : Finding the sample size of 95% level confidence - Find the sample size needed

Determine cost to record the new asset from exchange : Chi Corporation trades an asset with a book value of $20,000 for another asset with a fair market value of $15,000. Find out Chi s cost to record the new asset from the exchange.

User Account

All Pages