Evaluating percentage of households in town with cars

Reference no: EM1323060

Q1) Six hundred draws will be made at random with replacement from box [0, 0, 1]. Number of 1's among draws will be around _____ give or take _____ or so.

Q2) One thousand tickets are drawn at random without replacement from large box, and 651 of draws show a 1. Fraction of 1's in box is estimated as 65%. True of false, and describe: likely size of chance error in this estimate can be figured as follows-

Sqrt(1,000)*sqrt(0.65*0.35)≈15, (15/1,000)*100%=1.5%

Q3) Among sample households of 500, 121 had no car, 172 had one car, and 207 had two or more cars. Evaluate percentage of households in town with one or more cars; attach standard error to be evaluate. If this is no possible, describe why not.

Reference no: EM1323060

Questions Cloud

Advantage of using capital in the production : Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.

Chance between registered voters in sample are democrats : Determine the chance between 39% and 41% of registered voters in sample are Democrats.

Total economic surplus change if the city council passes : By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement

Distinguish between the federal funds rate : Distinguish between the Federal funds rate also the prime interest rate. Why is one higher than the other.

Evaluating percentage of households in town with cars : Evaluate percentage of households in town with one or more cars; attach standard error to be evaluate. If this is no possible, describe why not.

Instance of corporate governance problems : Research on the Internet one instance of corporate governance problems that has been reported in the media over the past five years.

Rapid globalization of capital markets enables persons : The rapid globalization of capital markets enables persons also institutions based in one nation to invest in corporations based elsewhere with relative ease.

Supportive communicator in workplace : Identify at least three ways that a manager can become a more supportive communicator? Your response should be at least 100 words in length. . All sources used, including the textbook

Addressing the ethical issues : She asks you, company's Chief Information Security Officer, for your opinion. Provide your advice whether you agree or disagree along with the CEO, specifically addressing the ethical issues included.

User Account

All Pages