What is the confidence interval workbook

Assignment Help Basic Statistics
Reference no: EM131438788

Question: A bank sampled its customers to determine the proportion of customers who use their debit card at least once each month. A sample of 50 customers found that only 12 use their debit card monthly. Find 95% and 99% confidence intervals for the proportion of customers who use their debit card monthly. Use the appropriate formula and verify your result using the Confidence Intervals workbook.

Reference no: EM131438788

Questions Cloud

Compute confidence interval for the mean interval : A sample of 25 individuals at a shopping mall found that the mean number of visits to a restaurant per week was 2.88 with a standard deviation of 1.59.
Create newstate a copy of the current state : CDA3101 Project: Pipeline Simulator. Your job is to create a program, contained in a single C file called proj2.c, which takes as input a small simplified MIPS assembly program and prints to standard output the state of the pipelined datapath at th..
Problem regarding the valuing bonds : Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 23 years to maturity, and a coupo..
Summarize articles major points and focusing on key aspects : Summarize the article's major points, focusing on 3 key aspects. Describe at least 2 strengths and weaknesses in the review of studies.
What is the confidence interval workbook : A bank sampled its customers to determine the proportion of customers who use their debit card at least once each month. A sample of 50 customers found that only 12 use their debit card monthly.
What is cross-cultural consumer analysis : What is cross-cultural consumer analysis? How can a multinational company use cross-cultural research to design each factor in its marketing mix? Examples
Audiences about environmental issues : What is the biggest challenge in reaching young audiences about environmental issues?
Describe the importance of the wash program : Describe the importance of the WASH program. Discuss the current health situation and health problems that the WASH program may prevent or control.
Does outsourcing ultimately lead to more jobs : Respond to the following questions in a paper of 5 to 6 pages in length, double-spaced, not including cover and references: Does outsourcing ultimately lead to more jobs? Are there good jobs produced through outsourcing?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Perform a multiple regression analysis

Using only the data provided by the first two board members introduced in part (b), perform a multiple regression analysis. Compare the results with the step- wise regression as it appeared following the introduc- tion of these board members.

  What would be an appropriate random variable

The main switchboard at the Home Shopping Network receives calls from customers. If the Poisson distribution were applied to this process, what would be an appropriate random variable?

  There are c different types of coupon and each time you

there are c different types of coupon and each time you obtain a coupon it is equally likely to be any of the c types.

  What is the approximate percentage of scores

What is the approximate percentage of scores that were between 380 and 580 and what is the approximate percentage of scores that were above 680?

  A coffee house and orders a decaffeinated coffee

A university student frequents one of two coffee houses on campus, choosing Tim Hortons 70% of the time and Starbucks 30% of the time. Regardless of where she goes, she buys a decaffeinated coffee on 60% of her visits.

  Estimate the proportion of people with blood type

What sample size is required to estimate the proportion of people with blood type O in a population of 1500 people to be within 0.02 of the true proportion with 95% confidence? Assume no prior knowledge about the proportion.

  Surveying and data collection

You are the principal of a large urban high school and wish to do a parent survey to determine how parents feel about same-sex classes.

  Write the role that each variable plays in the model

At the bottom of each model write the role that each variable plays in the model (i.e. dependent variable (DV), independent variable (IV), moderator, and mediator).

  State decision whether the null hypothesis be rejected

support the consumer group's claim that fewer than 75% of the claims were settled within 5 weeks? Test using the traditional approach with α = 0.05. Determine which test statistic applies, and calculate it

  The speeds of car traveling on interstate highway i-35 are

1 the speeds of car traveling on interstate highway i-35 are normally distributed with a mean of 74 miles per hour and

  Manufacture of a certain component requires three different

manufacture of a certain component requires three different machining operations. machining time for each operation has

  If a set of grades on a statistics examination is

if a set of grades on a statistics examination is approximately normally distributed with mean of 74 and a standard

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