What is the margin of error based on a confidence

Assignment Help Basic Statistics
Reference no: EM132463503

In a marketing survey, a random sample of 994 supermarket shoppers revealed that 262 always stock up on an item when they find that item at a real bargain price.

(a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Enter a number. Round your answer to four decimal places.)

(b) Find a 95% confidence interval for p. (For each answer, enter a number. Round your answers to three decimal places.)

lower limit

upper limit

What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.)

Reference no: EM132463503

Questions Cloud

What price do farmers get for their watermelon crops : What price do farmers get for their watermelon crops? In the third week of July, a random sample of 42 farming regions gave a sample mean of x bar
What are the appropriate figures and univariate statistics : What are the appropriate figures and univariate statistics (measures of central tendency and dispersion) for the following variables?
How might process under a GAAP basis compare to IFRS basis : When preparing consolidated financial statements, which of the parent company's account balances must always be eliminated and why must they be eliminated?
Discuss an attitude you had about a group of people : Discuss an attitude you had about a group of people prior to having direct contact with them. Describe the process you went through. How long did it take.
What is the margin of error based on a confidence : What is the margin of error based on a 95% confidence interval? (Enter a number. Round your answer to three decimal places.)
Determine why must the eliminating entries be entered : Determine Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?
Identify who was in the radius of significant others : Identify who was in the radius of significant others that shaped your development through your toddler, child, and adolescent years.
How many different groups of 5 shirts can he take : Christopher is packing his bags for his vacation. He has 8 unique shirts, but only 5 fit in his bag.
State the null and alternative hypotheses for the scenario : Is there sufficient evidence at the 0.02 level to support the company's claim? State the null and alternative hypotheses for the above scenario.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Which errors will be associated with sampling errors only

A questionnaire will be published and the first 1000 completed questionnaires will be analyzed. Which of the following errors will be associated with the sample? Sampling errors only.

  Preliminary studies indicate that about 40 of those

television viewers often express doubts about the validity of certain commercials. in an attempt to answer their

  What is the probability of a subject making 23 or more match

Suppose a friend of a friend claimed to have ESP and agreed to sit just on time and guess at 100 cards. Suppose she made 36 matches. Calculate the probability of this many, or more, matches if only chance is at work, and carefully write a conclusion.

  Probability adults are chosen are in excellent health

Among 12 adults randomly selected from this area, only 3 reported that their health was excellent. Find the probability that when 12 adults are randomly selected, 3 or fewer are in excellent health.

  Information about students t test

The mean interview time for a standard questionnaire of 31.3 minutes was considered to be excessive so the schedule was revised, yielding a mean interview time for a sample of 40 subjects of 21.3 minutes

  What is the probability that at least one is green

M&M s. The Masterfoods company says that before the introduction of purple, yellow candies made up 20% of their plain M&M's, red another 20%, and orange, blue.

  Predict sodium content from calories

A Regression to predict  sodium content from calories had a correlation of   r = 0.8781. The calories averaged 168 calories, with a standard deviation of 28.6 and the sodium content averaged 422 mg, with a standard deviation of  114 mg.

  A sequence of independent samples of a random variable

Let X1 and X2 denote a sequence of independent samples of a random variable X with variance Var[X].

  Find evidence of a significant change

Another P-value. Have harsher penalties and ad campaigns increased seat-belt use among drivers and passengers? Observations of commuter traffic failed.

  Does data show a difference in the taste ratings

If the ingredient was present a code of "1" was used and a "0" otherwise. At the .05 significance level, does this data show a difference in the taste ratings?

  What is the probability that a diner is an undergraduate

What is the probability that a diner is an undergraduate and has bought a meal and what is the probability that someone who has bought a meal is a postgraduate?

  Comparing proportions from two independent samples

Comparing proportions from two independent samples involves which test?

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