User Account

All Pages

Illustrate what is the margin of error

Assignment Help Business Management
Reference no: EM13101293

Q. A new brand of breakfast cereal is being market tested. One hundred boxes of the cereal were given to consumers to try. The consumers were asked whether they liked or disliked the cereal. You are given their responses below.

Response Frequency

Liked 60
Disliked 40
100

a. Illustrate what is the point estimate of the proportion of people who will like the cereal?

b. Construct a 95% confidence interval for the proportion of all consumers who will like the cereal.

c. Illustrate what is the margin of error for the 95% confidence interval that you constructed in part b?

d. With a .95 probability, explain how large of a sample needs to be taken to provide a margin of error of .09 or less?

Reference no: EM13101293

Questions Cloud

Analyzing set of patient weights and correlate incidences : Within each of your current careers/ jobs, there are sets of data that can be analyzed. For example, a teacher can use a set of test scores, a dietician can analyze a set of patient weights and correlate them to incidences of diabetes, and a sales..
Find the weight of this pyramid in pounds : The pyramid depicted in the figure contains approximately 2.20 million stone blocks that average 3.00 tons each. Find the weight of this pyramid in pounds. (Please provide numerical answer in lbs)
Determine the capacity of the process : The stylish hair salon has three stylists who provide services to women. after checking in with the receptionist, in which take a average of 1 minute, the customer hair washed, dried, styled taking an average of 25 minutes.
Determine the density of the proton : Determine the density of the proton.
Illustrate what is the margin of error : Illustrate what is the margin of error for the 95% confidence interval that you constructed in part b? With a .95 probability, explain how large of a sample needs to be taken to provide a margin of error of .09 or less?
What mass of gold is needed to make the new model : A major motor company displays a die-cast model of its first automobile, made from 5.60 kg of iron. To celebrate its hundredth year in business.
Find the acceleration of the electron : An electron is accelerated by a constant electric field of magnitude 285 N/C. a. Find the acceleration of the electron (N) b. If the string can withstand a maximum tension of 0.180 N, what is the smallest value d can have before the string breaks.
Strengths of traditional organizational structures : What strengths and weaknesses do traditional organizational structures provide? How do boundaryless and learning organizations impact strategic capability in a global environment?
Maternal health literacy-child participation in welfare : Write down at least 3 possible confounding factors which would make it difficult to set-up the causal connection between maternal health literacy and child participation in welfare programs?

Reviews

Write a Review

Business Management Questions & Answers

  What terms would you maintain be in the sales contract

What terms (words) would you maintain be in the Sales Contract therefore you would not bear the Risk of Loss? Describe in detail (provide the words; say why you used them).

  Moving average timeseries

Moving average timeseries forecasting doesn't require which of the following as a prerequisite?

  Competitive business environment high amount of stress

In this highly competitive business environment high amount of stress and importance is being given to make public relations which is nothing but a way to manage the flow of different types of information between the public or between the organiza..

  Relationship between motivation and job satisfaction

Discuss the relationship between motivation and job satisfaction and explain how does your personal style for dealing with conflict effect your Learning Team or work team?

  Potential challenges to validity and reliability of business

Explain potential challenges to validity and reliability of business research questions, analysis and data.

  Communicating for effective change

What role does managerial communication play in the emergence of an organization's consensus surrounding change

  Goals of transformational leadership

What are the goals of transformational leadership and transactional leadership? Do they lead to the same results/outcomes in organizations?

  Role of government, business in environmental protection

Discuss the roles of government, business, and the consumer in environmental protection.

  Perform an analysis of panera bread company

You are to perform an analysis of Panera Bread Company in 2012.

  Explain what are needs of employees and their families

Explain What are needs of employees and their families and How do we protect them and What are needs for protecting our organization?

  Bp oil spill - the challenges ahead

Explain what is your interpretation of what happened in the BP oil spill and how does this impact their leadership in the various organizations involved

  Distinguishing current and long-term assets

Distinguish between an expense (expired cost) and an asset. Distinguish between current and long-term assets.

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