A sample of 50 potential customers was asked to use your new product and the product of the leading competitor. After one week, they were asked to indicate which product they preferred. In the sample, 30 potential customers said that they preferred your product. (a) Find the sample proportion. (5 points) (b) Find the 95% confidence interval for the proportion of potential customers who prefer your product. (10 points) (c) If you want the 95% maximum likely error to be 0.08 or less, what would you choose for a sample size

Answers

Answer 1

Answer:

a) The sample proportion is of 0.6.

b) The 95% confidence interval for the proportion of potential customers who prefer your product is (0.4642, 0.7358).

c) A sample size of 145 is needed.

Step-by-step explanation:

(a) Find the sample proportion.

30 out of 50. So

[tex]\pi = \frac{30}{50} = 0.6[/tex]

The sample proportion is of 0.6.

(b) Find the 95% confidence interval for the proportion of potential customers who prefer your product.

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]1-\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the zscore that has a pvalue of [tex]1 - \frac{\alpha}{2}[/tex].

For this problem, we have that:

[tex]n = 50, \pi = 0.6[/tex]

95% confidence level

So [tex]\alpha = 0.05[/tex], z is the value of Z that has a pvalue of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6 - 1.96\sqrt{\frac{0.6*0.4}{50}} = 0.4642[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.6 + 1.96\sqrt{\frac{0.6*0.4}{50}} = 0.7358[/tex]

The 95% confidence interval for the proportion of potential customers who prefer your product is (0.4642, 0.7358).

(c) If you want the 95% maximum likely error to be 0.08 or less, what would you choose for a sample size

The margin of error is:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

We need a sample size of n, and n is found when M = 0.08. So

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.08 = 1.96\sqrt{\frac{0.6*0.4}{n}}[/tex]

[tex]0.08\sqrt{n} = 1.96*sqrt{0.6*0.4}[/tex]

[tex]\sqrt{n} = \frac{1.96*sqrt{0.6*0.4}}{0.08}[/tex]

[tex](\sqrt{n})^2 = (\frac{1.96*sqrt{0.6*0.4}}{0.08})^2[/tex]

[tex]n = 144.1[/tex]

Rounding up

A sample size of 145 is needed.


Related Questions

(x + 3;x 23
Function: g = 6;1 x?;x51
find g(-3)
a) 0
b) 9
c) 6
d) -9

Answers

Answer:

Static Public Member Functions ... Get FWORD from string (Big Endian 16-bit signed integer). ... (62x88 mm ; 2.44x3.46 in); B9 (44x62 mm ; 1.73x2.44 in); B10 (31x44 mm ; 1.22x1.73 in) ...

What is 100*10+1000*33/100

Answers

Answer:

Your answer will be 1,330 I hope this helps

Answer:

my answer is (100+3300=3400

What is the value of c so that −15 and 15 are both solutions of x^2−c=157?

Answers

Answer: -c= 157+X^2

Step-by-step explanation:

equation, find y when x=-3.

y = -x + 5

When x = -3, y =

Answers

I think y = 8. Since x = -3 then the equation would be y = -1(-3) +5. -1 times -3 equals 3. So now the equation is y = 3 +5. That would give you 8.

Shawn buys 15 shirts for a total of $60. Express this as an equation using 'X' as the cost of each shirt.​

Answers

Answer:

15x = 60

Step-by-step explanation:

Hi,

We know he bought 15 shirts for an x amount of dollars, so 15 times however much they cost is 15x and the total is 60.

hope this helps :)

The number of swings in use on average is.

Answers

Answer:

?

Step-by-step explanation:

Jeff and George each have a box of popcorn. How much more popcorn does the bigger box hold than the smaller box?

Answers

Answer:

there in not enough information in your question to get an answer

Answer:

Part 1: Jeff Part 2: 130

Step-by-step explanation:

On a recent test, Ahmed knew many of the answers, but there were four questions he was unsure of. In each of the four questions, he was able to eliminate two answers as being clearly wrong and was left with three answer choices to choose from. In each of the four questions, he randomly selected one of the remaining three answers. Which of these statements describes how Ahmed could simulate this situation with a random number generator to determine if he will select the correct answers for these four questions?
It is impossible to simulate this with a random number generator without knowing what the correct answer choices were Using his calculator, Ahmed could use the Randint(1,4) command three times to select three integers from 1 to 4. Let a 1 indicate a correct guess, and a 2, 3, or 4 indicate an incorrect guess. Count the number of 1s to correspond to the number of correct guesses. Using his calculator, Ahmed could use the Randint(1,4) command to select a random integer from 1 to 4. This would be the number of correct guesses he made on the four questions. Using his calculator, Ahmed could use the Randint(1,3) command four times to select four integers from 1 to 3. Leta 1 indicate a correct guess, and a 2 or 3 indicate an incorrect guess. Count the number of 1s to correspond to the number of correct guesses. It is impossible to simulate this with a random number generator without knowing what the correct answer choices were. Using his calculator, Ahmed could use the Randint(1,4) command three times to select three integers from 1 to 4. Let a 1 indicate a correct guess, and a 2, 3, or 4 indicate an incorrect guess. Count the number of 1s to correspond to the number of correct guesses. Using his calculator, Ahmed could use the Randint(1,4) command to select a random integer from 1 to 4. This would be the number of correct guesses he made on the four questions. Using his calculator, Ahmed could use the Randint(1,3) command four times to select four integers from 1 to 3. Let a 1 indicate a correct guess, and a 2 or 3 indicate an incorrect guess. Count the number of 1s to correspond to the number of correct guesses. Using his calculator, Ahmed could use the Randint(1,5) command four times to select four integers from 1 to 5. Leta 1 indicate a correct guess, and a 2, 3, 4, or 5 indicate an incorrect guess. Count the number of 1s to correspond to the number of correct guesses.

Answers

Answer:

It is impossible to simulate this with a random number generator without knowing what the correct answer choices were

Step-by-step explanation:

Given

[tex]Questions = 4[/tex]

[tex]Options = 5[/tex]

Required

How can he select the right answer

Using randint will only generate a random number which could or could not be the answer to the question.

This is so because each of the 5 options for the question has the same probability of 1/5. So, using randint will only generate a random number. This generated random number has 1/5 chance of being the answer and 4/5 of not being the answer to the question.

In a nutshell, he can not make use of a simulator to select the answer to the questions in this scenario, unless he knows the solution.

Hence (a) answers the question.

How would I solve this ? And what’s the answer..... ;\

Answers

Answer: 8

Explanation:
So for any problems like these
They are giving you the ‘x’
So you plug in what is given; which is f(5)

1/4 x 2^5
Solve like normal
Which gets you 8

A television is discounted 20% in a sale. A shopper has a coupon for an additional 15% off the sale price. Which of the following is the total percent discount from the original price of the television?

Answers

The total is 35% off of the original price.

Step by step explanation:

If the television is discounted by 20% in a sale and the shopper also has a coupon for an additional 15% of the sale price than you just add up the percentages and that’s the total percent of the discount.

I hope this helped you understand! :)

The total percent discount arises from the real price of the television is 32%.

Given that,

The television should be discounted at 20% in the sale i.e. price after discount should be 0.80 of the real price There is an additional 15% off the sale price. So, 15% of 80% i.e. 12%.

So, the total percent discount should be

= 20% + 12%

= 32%

Therefore we can conclude that The total percent discount arises from the real price of the television is 32%.

Learn more about the discount here: brainly.com/question/2736271

HELP PLEASE thank uuuuu

Answers

.

a²+25²=31²

31²-25²=a²

961-525=a²

a²=336

√a=√336

a=18.33

18.33 ask if you need an explanation

25 points True or False.

The expressions 4(y−3)
and 4y−12
are equivalent?

Answers

Answer: true

Step-by-step explanation:

Simplifying the expression you end up with 4y^2 + 4y - 15 which is 3 terms.

The answer would be True.

Rackham Graduate School has 8,000 students (5,000 PhD students and 3,000 masters stu- dents). The Rackham Student Government Executive Board has 4 student members: a President, a VP of Operations, a VP of Finance, and a VP of Administration. Reminder: no need to simplify your answers in this homework (unless problem explicitly says to).
a) How many ways are there to choose the Exec Board from all Rackham students?
b) How many ways are there to choose the Exec Board so that there is at least one masters student and one PhD student? (for any of the 4 positions)
c) How many ways are there to choose the Exec Board if the VP positions have to be PhD students (the president can be either a PhD or Masters student)?
d) How many ways are there to choose the Exec Board so that there is at least one masters student VP?

Answers

Answer:

a) 8,000!/(8000 - 4)! ways

b) 15,000,000 + 7998!/(7998 - 2)! ways

c) 5,000 + 7,999!/(7,999- 3)! ways

d) 3,000 + 7,999!/(7,999- 3)! ways

Step-by-step explanation:

The number of students at Rackham Graduate School = 8,000 students

The number of PhD students = 5,000

The number of masters students = 3,000

The number of student members of the Rackham Student Government Executive Board = 4 students

a) The number of ways there are to choose the Exec Board from all Rackham students = The number of ways to choose 4 students from 8,000 = 8,000!/(8000 - 4)!

b) The number of ways of having one Master student in the board = 3,000 ways

The number of ways of having one PhD student in the board after selecting a masters student = 5,000 ways

The number of ways of selecting the remaining 2 members =

7998!/(7998 - 2)!

The total number of ways of selecting at least one masters and one PhD in the board is therefore equal to 5,000 × 3,000 + 7998!/(7998 - 2)! ways

c) The number of ways of choosing the VP position as PhD = 5,000 ways

The number of ways of choosing the other three members = 7,999!/(8000 - 3)!

Therefore, the total number of ways = 5,000 + 7,999!/(7,999- 3)! ways

d) The number of ways of choosing a masters student as the VP position = 3,000 ways

The number of ways of choosing the other three members = 7,999!/(8000 - 3)!

Therefore, the total number of ways = 3,000 + 7,999!/(7,999- 3)! ways

What Is 1 x 2 x 3 x 4 x 5/2

Answers

Answer:

60

Step-by-step explanation:

Please refer to the attachment

The answer is 60 kinda easy lolz :)

Jose Luis desea colocar una línea de azulejos alrededor de toda la piscina de su casa. La piscina tiene forma rectangular con un ancho de 10 m y una longitud de 25 m. , ¿cuántos metros lineales de azulejos necesitará comprar?

Answers

Answer:

70

Step-by-step explanation:

2 x (25 + 10) = 2 x 35 = 70

You are given the difference of the numbers of boys and girls in a class and the ratio of boys to girls. How many boys and how many girls are in the class?

3 more boys; 5 for every 4

Answers

By using the given ratio, we will see that there are 15 boys and 12 girls.

How we can find the number of boys and girls in the class?

The given information is:

There are 3 more boys.There are 5 boys for every 4 girls.

Now, notice that in the ratio we have a difference of 1 boy, so if we want to have a difference of 3 boys, we must multiplicate it by 3, then we get:

3*15 boys for every 3*4 girls (remember that you can multiply both quantities on the ratio and it does not change).

15 boys for every 12 girls.

Now the difference is 3.

15 - 12 = 3

So we can conclude that there are 15 boys and 12 girls.

If you want to learn more about ratios, you can read:

https://brainly.com/question/1781657

What is 1 1/2 divided by 1 1/4 simplied

Answers

1 1/2= 1.5 1 1/4= 1.25 1.5/1.25=1.2
1 1/5, i did it on my calculator. the answer to ur question doesn’t need any simplifying

help will give crown

Answers

Answer:

112 meters squared

Step-by-step explanation:

Rectangle area: 72

Triangle area: 20 times 2 (because there are two triangles) = 40

72 + 40 = 112

What is the slope of the line that goes through (-3, 2) and (3, 2)?​

Answers

Answer:

m = 0

Step-by-step explanation:

Hope this helps:)

1) f(x) = 3*
f(x)
x
-1
0
1
2 3

Answers

1)f(×)=3*=f(×)=×-1 0 1=0.23

Use the distributive property to simplify the following expression: 3 (2 + 5z)​

Answers

The answer is 6+15z

I need help please.

Answers

4n-14 hope this helps
It’s 4n-14 hope that helps

Select the correct comparison.
Set A
Set B
.
....
24
8 10
4 6 8 12
A. The typical value and the spread are both greater in set B.
B. The typical value and the spread are both greater in set A.
C. The typical value is greater in set A. The spread is greater in set B.
D. The typical value is greater in set B. The spread is greater in set A.

Answers

Answer:i would say C ADHAKFFA

Step-by-step explanation:

Select the correct answer. Sarah owns a flower shop and can model the profits from selling springtime bouquets using this equation, where b is the number of springtime bouquets. P = -5b^2 + 450b - 1,000
Which statement is true if Sarah needs to make a profit of at least $9,000?
A. Sarah must sell more than 90 bouquets.
B. Sarah must sell between 40 and 50 springtime bouquets.
C. Sarah must sell between 0 and 40 springtime bouquets.
D. Sarah must sell more than 50 springtime bouquets.​

Answers

Answer:

B

Step-by-step explanation:

If you plug in the answers for guess and repeat this one works.

The correct statement is Sarah must sell between 40 and 50 springtime bouquets true if Sarah needs to make a profit of at least $9,000.

Given that,

Sarah owns a flower shop and can model the profits from selling springtime bouquets using this equation,

Where b is the number of springtime bouquets, [tex]P = -5b^2 + 450b - 1,000[/tex].

We have to determine,

Which statement is true if Sarah needs to make a profit of at least $9,000.

According to the question,

Sarah owns a flower shop and can model the profits from selling springtime bouquets using this equation,

[tex]P = -5b^2 + 450b - 1,000[/tex]

Divide the equation by -5,

[tex]P = -5b^2 + 450b - 1,000\\\\P = -b^2 + 90b - 200[/tex]

Factorize the equation for the value of profit,

[tex]b^2 - 90b +200 = 0\\\\b^2 -50b -40b +200= 0\\\\b ( b-50) - 40(b-50) = 0 \\\\(b-50) (b-40) = 0 \\\\b- 50 = 0, \ b = 50\\\\b - 40 = 0, \ b = 40[/tex]

Hence, Sarah must sell between 40 and 50 springtime bouquets.

To know more about Quadratic equations click the link given below.

https://brainly.com/question/22364785

A circle of sunflowers is planted in Stanford's central Park. The circle has a diameter of 12 feet. What is the circle's radius?​

Answers

Answer:

Step-by-step explanation:

radius = ½×diameter = 6 ft

A rectangle and 2 congruent quarter circles were
used to make the figure shown.
Which measurement is closest to the area of the
figure in square centimeters?
7 cm
A 148.5 cm2
110 cm

109.3 cm2
5 cm
C 89.6 cm2
5 cm
D 85.7 cm2

Answers

The correct answer is B. 109.3cm^2

What do I do from here?

Answers

49627/28000 or you can use the decimal 1.77

Step-by-step explanation:

28x=49.627

divide both sides by 28

Graph the inequality.
x > 4

Answers

Answer:

Step-by-step explanation:

Shari is adding these fractions: 1/3 + 1/4 What's her next step? 4/12 + 3/12 = 7/12 1/3 + 1/4 = 2/7 1/3 + 1/4 = 2/12 4/12 + 3/12 = 7/24 Flag Question

Answers

Answer:

4/12+3/12=7/12

Step-by-step explanation:

just took the quiz

Tanner collected 360 cans and bottles while fundraising for his basketball team This was 40% less than what Reggie collected How many cans and bottles did Reggie collect?​

Answers

Answer:

Reggie collected 504 cans and bottles.

Step-by-step explanation:

40%=.40

360*.40=144

360+144=504

Other Questions
A student measures the time it takes for two reactions to be completed.Reaction A is completed in 39 seconds, and reaction B is completed in 50seconds. What can the student conclude about the rates of these reactions?A. The rate of reaction A is higher.B. The rates of reactions A and B are equal.C. The rate of reaction B is higher. When multiplying exponent, you subtract the exponents True or false? List 6 characteristic of life? Please help Im in trouble end of the quarter is tomorrow I WILL MAYBE GIVE BRAINLIEST IF CORRECT PLS ANSWER[tex]\sqrt{49 } =[/tex]a. 9b. 14c. 8d. 7 BRAINLIEST AND 25 POINT COME BEFORE ITS TO LATECan you give the definitions to the words below?Frequency, wavelength, and energyElectromagnetic energyReflection, Refraction, Absorption3 States of MatterCategories of Biodiversity The slide at the playground has a height of 5 feet.The sliding board is 13 feet long. How far awayfrom the ladder is the bottom of the slide? what is the volume of this composite solid d is the answer most young people cannot raise enough money needed to get started in the profession. Please help urgent Ill give Brainly if its right Plz help i have given you everything you need I need help finding this answer please URGENTSolve each triangle. Show work. Explain how long term and short term goals differ. Gasoline in Mexico is measured in liters. One gallon is equal to 3.785 liters.How many liters would it take to fill a 19-gallon tank? Round your answer to the nearest thousandth. What was the Mexican name for San Antonio Which trait does a cactus seedling inherit from its parents? To which primary source do we owe much of our knowledge about the Pilgrims early years in Plymouth? A 40.0 gram sample of water releases 503 Joules of energy when cooled from 25.0C to 22.0C. What is the value of the specific heat of water? Round to the nearest hundredth. what adaptation help protect a cactus against herbivores