User Account

All Pages

What is the point estimate for the proportion of people

Assignment Help Basic Statistics
Reference no: EM132495638

A new coffee drink called the PIN is being market tested. Four hundred customers were given the new drink to try. The consumers were asked whether they liked or disliked the drink. You are given their responses below.

Response Frequency
Liked 300
Disliked 100
400

?a. What is the point estimate for the proportion of people who liked the PIN?

b. Construct a 97% confidence interval for the true proportion of people who liked the new drink.

c. With a .97 probability, how large of a sample needs to be taken to provide a margin of error of 4% or less?

Reference no: EM132495638

Questions Cloud

How the income should be allocated to the partners : Prepare calculations showing how the income should be allocated to the partners under each of the following plans for sharing net incomes and losses
Estimate for estimating the true proportion of employees : Identify the point estimate for estimating the true proportion of employees who prefer that plan.
Find what is the entry : On May 14, PW receives payment of $3,430, PW honors the 2% cash discount and records the payment of Sauk's account receivable in full. What is the entry?
What entry is written to recognize the return : $300 of merchandise received from PW Co. is damaged, Sauk returns the goods. What entry is written to recognize the return?
What is the point estimate for the proportion of people : A new coffee drink called the PIN is being market tested. Four hundred customers were given the new drink to try. The consumers were asked whether they liked
Calculate the debt to equity ratio : Calculate the debt to equity ratio and the interest coverage ratio using the select financial data provided above for 2019 & 2020.
Penetration testing assignment : Penetration Testing Assignment - Obtain all unique people in the file sorted in alphabetical order and place them in the specified file
Lower average mileage than mark b : A gives a lower average mileage than mark B? Find the value of p, interpret the result. What assumptions should you take to work on this problem?
What amount of working capital is currently maintained : Your preference is to have a quick ratio of at least 0.80 and a current ratio of at least 2.00. How do the existing ratios compare with your criteria?

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