User Account

All Pages

Simple random sample of consumers

Assignment Help Basic Statistics
Reference no: EM132150234

Your supervisor comes to you and says she would like a marketing research study. She says there is a budget of $30,000. She would like to conduct a simple random sample of consumers interested in using the services of the company. She thinks that a sample of 750 would be plenty. 

a. Given a confidence level of 95%, and a sample statistic of .50, what will be the MOE for a study of this type? 

b. If the CPI is $15.75 per completed interview, can this study be done within the given budget? 

c. How much more or less sample might you need to spend the entire budget? 

d. What will be the MOE for that study (the one that uses the entire budget)?

Reference no: EM132150234

Questions Cloud

Write definition of opportunity cost : "According to the definition of opportunity cost, the more alternatives that we have given up in undertaking an action, the higher the opportunity cost."
Describe your ruling for the bank robbery case : Describe your ruling for the bank robbery case, citing the Miranda case. How did Miranda influence your decision-making process?
What is the smallest deductible : ABC Explosives has purchased fire nsurance for its factory. It can institute a fire prevention program, which would cost $90, but which would lower.
What is the sample size for studies : What is the sample size for studies with MOE of +/-3.5% and +/-2.8%, with a confidence level of 95%, sample statistics of 50.
Simple random sample of consumers : She would like to conduct a simple random sample of consumers interested in using the services of the company. She thinks that a sample of 750 would be plenty.
How many taxis would serve the market : Suppose that, instead of limiting medallions, the commission charges a license fee to anyone wishing to drive a cab. With an average price of P = $15.
What is the sample size for studies with moe : What is the sample size for studies with MOE of +/-3.5% and +/-2.8%?, with a confidence level of 95%, sample statistics of .50? Please show work.
Response to the company advertising : So, your supervisor wants to know if men and women differ in their response to the company's advertising. You are in charge of designing and running this resear
Explain why the given should be considered flawed : According to your textbook in the Aggregate Supply (AS) theory an increase in output leads to an increase in the price level. What is the assumed causality?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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