How small would the sample percentage need to be

Assignment Help Microeconomics
Reference no: EM131029255

A manufacturer claimed that at least 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. With α = .05, how small would the sample percentage need to be before the claim could legitimately be refuted? (Notice that this would involve a one-tailed test of the hypothesis.)

Reference no: EM131029255

Questions Cloud

Method of randomizing the experimental units : a. Explain a method of randomizing the experimental units to the levels of factors A and B in this experiment. b. Write a linear model for this experiment. Make sure to identify each of the terms in the model and list the range of values for all su..
Siimply evaluating and monitoring : Siimply evaluating and monitoring is not enough to assure success, you as a business leader must also build an organization capable of execution What type of variables would you suggest monitoring?
Suggest an appropriate dependent variable : a. Suggest an appropriate dependent variable. b. Write a model for this experimental situation and identify all terms. c. Fill out the sources and degrees of freedom for an AOV table.
Offshore financial centers facilitate money laundering : Governments dislike the fact that offshore financial centers facilitate money laundering. Do you think that electronic commerce makes it easier or harder to launder money and camouflage other illegal activities? Do you think offshore financial center..
How small would the sample percentage need to be : A manufacturer claimed that at least 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. With α = .05, how small would the sample percentage need to be before the claim could legitimately be refuted? (Noti..
Variability in an analysis of variance table : a. Write an appropriate model (including an effect for weeks) and the sources of variability in an analysis of variance table. b. How would your model change if we analyze the total 2-week sales data? c. Run an analysis of variance on the 2-week sale..
Information security system in australia : Would the company need the certification and accreditation of its information security system in the countries of satellite campuses as well?
Required using the low-level coded product structure tree : Product A consists of three units of Subassembly B, three units of C, and one unit of D. B is composed of two units of E and three units of F. C is made of three units of H and four units of D. H is made of five units of E and two units of G. d. To p..
Components as taking the you attitude emphasizing positive : Components as taking the "you" attitude, emphasizing the positive, establishing credibility, being polite, using bias-free language, using visual aids, and projecting a good company image. How can I exhibit these qualities in a formal proposal?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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