The safety organization conducting the testing in the previous
problem was not satisfied with the margin of error. How may helmets
would they need to test to reduce the margin of error to 0.03 if we
are fairly certain the true proportion is about 40%?
Solution :
Given that,
= 0.40
1 -
= 0.60
margin of error = E = 0.03
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z
/2
= Z0.025 = 1.96
sample size = n = (Z
/ 2 / E )2 *
* (1 -
)
= (1.96 / 0.03)2 * 0.40 * 0.60
= 1024.43
sample size = 1025
The safety organization conducting the testing in the previous problem was not satisfied with the margin...
In May 2006, the Gallup Poll (www.galluppoll.com) asked 510 randomly sampled adults the question "Generally speaking, do you believe the death penalty is applied fairly or unfairly in this country today?" Of these, 60% answered "Fairly," 35% said "Unfairly," and 4% said they didn't know. First, please answer this question: From this survey, what can we conclude about the opinions of all adults? (To answer this question, please build a 95% confidence interval for the proportion of all U.S. adults...
4. With reference to the previous problem, what can we say with 95% confidence about the maximum error if is used as an estimate of the corresponding true proportion? 400 5. Suppose that we want to estimate the proportion of all drivers who exceed the maximum speed limit on a stretch of 1-80 near the Rock Springs exit. How large a sample will we need so that the error of our estimate is to be at most 0.05 with at...
Mastery Problem: Target Income and Margin of Safety Target Income and Margin of Safety At the break-even point, sales and costs are exactly equal. However, the goal of most companies is to make a profit. When a company decides that it wants to earn more than the break-even point of income, it must define the amount it thinks it will realistically make. By modifying the break-even equation, the sales required to earn a target or desired amount of profit may...
Need help with this testing a
population proportion problem.
B A Response cats Hypothesis Test about a Population Proportion dogs cats =COUNTA(A2:A51) dogs Sample Size Response of Interest Count for Response Sample Proportion dogs cats =D5/D3 cats cats Hypothesized Value cats cats =SQRT(D8*(1-D8)/D3) Standard Error Test Statistic z cats dogs dogs dogs dogs =NORM.S.DIST(D11, TRUE) 14 p-value (Lower Tail) p-value (Upper Tail) p-value (Two Tail) 15 = 2*MIN(D13,014) Enter these same formulas in your downloaded Excel spreadsheet. Use the values...
Confidence Interval Problem 18
Confidence Intervals: Problem 18 Previous Problem Problem List Next Problem (1 point) Chuck wants to determine a 98% confidence interval for the true proportion of times he rolls a 5 (using a fair, 6-sided die). How many rolls must Chuck make to get a margin of error less than or equal to .05? Chuck assumes that pis 1/6. n =
Ch8 Sec1: Problem 4 Previous Problem List Next 1 point) Cora wants to determine a 99 percent confidence interval for the true proportion of high school students in the area who attend their home basketball games. How large of a sample must she have to get a margin of error less than 0.037 [To find n, use the value p-1/2 for the sample proportion and the values for z" from a z-table or t-table.] Round to the smallest integer that...
Question 21 3 pts Large Sample Proportion Problem. Surveys were conducted in multiple countries and respondents were asked if they felt political news was reported fairly. The data for the United States is that out of 1,000 sampled, 470 indicated yes, they felt political news was reported fairly. Suppose we want to construct a 99% confidence interval. What is the Bound of Error (BOE)? 0.0309 2.576 0.0407 0.4293 to 5107 Question 22 3 pts Large Sample Proportion Problem. Surveys were...
Question 21 3 pts Large Sample Proportion Problem. A survey was conducted on high school marijuana use. Of the 2266 high school students surveyed, 970 admitted to smoking marijuana at least once. A study done 10 years earlier estimated that 45% of the students had tried marijuana. We want to conduct a hypothesis test to see if the true proportion of high school students who tried marijuana is now less than 45%. Use alpha = .01. What is the critical...
A random sample of 320 medical doctors showed that 180 had a solo practice. (a) Let p represent the proportion of all medical doctors who have a solo practice. Find a point estimate for p. (Use 3 decimal places.) (b) Find a 98% confidence interval for p. (Use 3 decimal places.) lower limit upper limit Give a brief explanation of the meaning of the interval. 98% of the all confidence intervals would include the true proportion of physicians with solo...
Homework4: Problem 7 Previous Problem Problern List Next Problem (6 points) Matt thinks that he has a special relationship with the number 4. In particular, Matt thinks that he would roll a 4 with a fair 6-sided die more often than you'd expect by chance alone. Suppose p is the true proportion of the time Matt will roll a 4. la) State the null and alternative hypotheses for testing Matt's claim. (Type the symbol "p" for the population proportion, whichever...