Study to determine this population proportion

Assignment Help Basic Statistics
Reference no: EM131822284

Insurance companies are interested in knowing the population percent of drivers who always buckle up before riding in a car.

a. When designing a study to determine this population proportion, what is the minimum number you would need to survey to be 95% confident that the population proportion is estimated to within 0.03?

b. If it was later determined that it was important to be more than 95% confident and a new survey was commissioned, how would that affect the minimum number you would need to survey? Why?

Reference no: EM131822284

Questions Cloud

Define the random variables x : The mean length of the conferences was 3.94 days, with a standard deviation of 1.28 days. Assume the underlying population is normal.
Define method of accounting for research expenditures : R&D and the Recognition of Intangible Assets Under the current rules of both U.S. GAAP and IFRS, companies must charge research expenditures directly.
Seriously injured in an automobile accident : Ellen, a citizen of California, was seriously injured in an automobile accident while driving in California.
Develop a report on a learning need of an organization : Identify a problem or concern in the organization which could be addressed through employee training. You may want to select one of the training programs
Study to determine this population proportion : When designing a study to determine this population proportion, what is the minimum number you would need to survey to be 95% confident
The hacking problem and defending the web : What was the most interesting thing you learned from this video?Do you think internet/web should be regulated? If Yes How? If no, why?
Evaluate the impact of the family genetic history : Plan changes based on his family health history that will promote an optimal level of wellness both now and in the future
Responsible for setting new price for this product : You are now responsible for setting a new price for this product and writing a new formal price plan.
Discuss the change in liquidity and profitability : Indicate, by using ratios, the change in liquidity and profitability of Messersmith Company from 2016 to 2017

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is the mean of the binomial distribution what is the

suppose there is a binomial distribution with n 64 and p 0851. what is the mean of the binomial distribution?2. what

  Find p65-65th percentile

Suppose adults have basically distributed IQ scores with a mean of 100 and an SD of 15. Find P65, the 65th percentile. Use the Z table.

  Conduct a survey to determine the proportion of households

High-speed Internet Laying fiber-optic cable is expensive. Cable companies want to make sure that if they extend their lines out to less dense suburban.

  What is the name of the statistic used in an anova

What is the name of the statistic used in an ANOVA?- If the independent variable has no effect, the calculated value of F will be around 1.00. Why?

  An electrical firm manufactures light bulbs that have a

an electrical firm manufactures light bulbs that have a length of life that is approximately normally distributed with

  Probability-defective calculators

A sample of 4 different calculators is randomly selected from a group containing 42 that are defective and 27 that have no defects. what is the probability that all four of the calculators selected are defective?

  Inferences about two population variances

The standard deviation in the 12-month earnings per share for 10 companies in the airline industry was 4.27 and the standard deviation in the 12-month earnings per share for 7 companies in the automotive industry was 2.27

  A researcher is studying the relationship between earnings

a researcher is studying the relationship between earnings for major electronic firms and research and development

  Let y be a random variable with a density function given by

let y be a random variable with a density function given byfy 32y2 -1ltylt1fy 0 elsewherefind the density fuction

  In a study of pregnant women and their ability to correctly

in a study of pregnant women and their ability to correctly predict the sex of their baby 56 of the pregnant women had

  Probability-sample of tubes taken from group have mean life

Certain tubes manufactured by a company have a mean life of 800 hours and standard deviation of 60 hours. Find the probability that a random sample of 16 tubes taken from the group will have a mean life of?

  Modeled by an linear model

Explain how you can tell whether data would best be modeled by an linear model, an exponential model, or neither.

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