In a survey of randomly selected 3,900 family-owned businesses with revenues exceeding $1 million a year, it was found that 1,911 of them had no strategic business plan. a) Use a 90% confidence interval to estimate the proportion of family-owned businesses without strategic business plans. Give an interpretation of this interval. (5 Points) b) Would a 99% confidence interval be wider or narrower than the one you calculated in part (a)

Answers

Answer 1

Answer:

a) The 90% confidence interval to estimate the proportion of family-owned businesses without strategic business plans is (0.4768, 0.5032). This means that we are 90% sure that the true proportion of all family-owned businesses without strategic business plans is between these two values.

b) Wider

Step-by-step explanation:

Question a:

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 z-score that has a p-value of [tex]1 - \frac{\alpha}{2}[/tex].

In a survey of randomly selected 3,900 family-owned businesses with revenues exceeding $1 million a year, it was found that 1,911 of them had no strategic business plan.

This means that [tex]n = 3900, \pi = \frac{1911}{3900} = 0.49[/tex]

90% confidence level

So [tex]\alpha = 0.1[/tex], z is the value of Z that has a p-value of [tex]1 - \frac{0.1}{2} = 0.95[/tex], so [tex]Z = 1.645[/tex].

The lower limit of this interval is:

[tex]\pi - z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.49 - 1.645\sqrt{\frac{0.49*0.51}{3900}} = 0.4768[/tex]

The upper limit of this interval is:

[tex]\pi + z\sqrt{\frac{\pi(1-\pi)}{n}} = 0.49 + 1.645\sqrt{\frac{0.49*0.51}{3900}} = 0.5032[/tex]

The 90% confidence interval to estimate the proportion of family-owned businesses without strategic business plans is (0.4768, 0.5032). This means that we are 90% sure that the true proportion of all family-owned businesses without strategic business plans is between these two values.

Question b:

The margin of error is:

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

The higher the confidence level, the higher the value of z, thus the higher the margin of error and the interval is wider. Thus, a 99% confidence interval is wider than a 90% confidence interval.


Related Questions

in a class of 24 students, how many different 3 person teams for a group project can the teacher make?

Answers

Answer:

The teacher can make 8 different 3 person teams

Step-by-step explanation:

Since there is a total of 24 students and the teacher wants to make as many 3 person groups as he/she can you would just do 24 divided by 3 which would equal 8 different teams of 3 people. So the teacher can make 8 different groups of 3 people

1 gold plate weight 30 mg if the weight of some plates is 450 ml mg find the number of plates​

Answers

Answer:

15 plates

Step-by-step explanation:

450 divided by 30 = 15, meaning 30 x 15 would be 450 mg. This also means that if the weight of some plates was 450 mg, there would be 15 plates.

Answer:

15

Step-by-step explanation:

Your units are a little confused.

The mass (total ) is 450 mg

1 plate weighs 30 mg

1 plate / 30 mg  =  x plates / 450 mg             Cross multiply

1 * 450 = 30x                                                   Divide by 30

450 / 30 = x

x = 15

There are 15 gold plates.

Choose a method you prefer to solve for a system of linear equations.
2x + 4y = -4
2x-y=6

Answers

Answer:

Elimination

x = 2

y = -2

Step-by-step explanation:

Elimination

2x + 4y = -4

2x - y = 6

Subtract the second equation from the first

5y = -10

Divide both sides by 5

y = -2

---------------------

Substitute for y = -2 in the second equation

2x - -2 = 6

2x + 2 = 6

subtract 2 from both sides

2x = 4

Divide both sides by 2

x = 2

can someone help me.?!

Answers

[tex]{\boxed{\mathcal{\red{h\:=\:9.5}}}}[/tex] ✅

Step-by-step explanation:-

[tex]h + \frac{1}{2} = 10 \\ ⇢ h + 0.5 = 10 \\ ⇢ h \: = 10 - 0.5 \\ ⇢ h = 9.5[/tex]

[tex]\circ \: \: { \underline{ \boxed{ \sf{ \color{green}{Happy\:learning.}}}}}∘[/tex]

Red Blue Yellow Green What is the probability of a player spinning the color blue and then rolling a 4?
A: 1/4
B: 1/24
C: 1/6
D: 1/16​

Answers

Answer:

(1/4)×4=1/16

Step-by-step explanation:

Blue is 1 out of the 4 colours, it rolls for 4 times

Which fraction has the greatest value?
+
-1
0
Jh
1
O
Um
d
HELPPPPP!!!!

Answers

The answer would be 5/6

Log(10) u = 3/2 log(10) 4

Answers

u = 8

Step-by-step explanation:

log(10) u = log(10) 4^(3/2)

or

u = 4^(3/2)

= [sqrt(4)]^3

= (2)^3

= 8

Please help me and show work please

Answers

Answer:

[tex]x=2[/tex]

Step-by-step explanation:

Since the scale is in equilibrium, both sides must be equal. Therefore, we have the following equation:

[tex][\text{Left Side} ]3x+3=[\text{Right Side}]9[/tex]

Solving for [tex]x[/tex]:

[tex]3x+3=9,\\3x=6,\\x=\boxed{2}[/tex]

Answer:x=2

Step-by-step explanation: try to first set up an equation. First we can see the scale is balanced so we know each side is equal to each other. You have 3 x boxes and 3 circles so our first side will be 3x+3. Now let’s move onto the second side. It has 9 circles so 3x+3=9. Now let’s solve!

Subtract 3

3x=6

Now divide by 3

X=2

Hope this helps

Given the triangle below, what is the length
of the hypotenuse?
4 cm
5 cm

Answers

Answer:

6.4 cm

Step-by-step explanation:

i think you'd use pythagoras theorem if you don't know any of the angles . a^2 + b^2 = c^2 . so 4^2 + 5^2 = square root 41 ,, = 6.403124237 cm

i apologise if it is incorrect ^^

Answer:

Sq root of 41cm

Step-by-step explanation:

took the test

What is the magnitude of -3 +4i?

Answers

Answer:

we have

-3+4i

let magnitude be |z|

|z|=[tex] \sqrt{( - 3) {}^{2} + 4 {}^{2} } [/tex]

|z|=5 unit

Answer:

The magnitude of -3 +4i is 5

Step-by-step explanation:

Which polynomial function has a leading coefficient of 2, root-5 with multiplicity 3, and root 12 with multiplicity 1?
Of(x) = 2(x - 5)(x - 5)(x - 5)(x + 12)
Of(x) = 2(x + 5)(x + 5)(x + 5)(x - 12)
O f(x) = 3(x - 5)(x - 5)(x + 12)
Of(x) = 3(x + 5)(x + 5)(x - 12)

Answers

Answer:

Of(x) = 2(x + 5)(x + 5)(x + 5)(x - 12) or Choice 2

Step-by-step explanation:

The last two answers get eliminated because their leading coefficients aren't 2. The first option is wrong because if you plug in -5 and +12 into x the function won't equal 0. So the correct answer is the Second answer: Of(x) = 2(x + 5)(x + 5)(x + 5)(x - 12)

Answer:

The polynomial function that has a leading coefficient of 2, a root of 5 with a multiplicity of 3, and a root of 12 with a multiplicity of 1 is choice 2.

Step-by-step explanation:

A leading coefficient of 2 means that the number multiplying all the binomial would be 2, so you know it is not choices 3 and 4. A root of -5 with a multiplicity of 3 means that when you replace x with -5, three binomials will result in 0, which helps eliminate the first choice. A root of 12 with a multiplicity of 1 means that when you replace x with 12, you will have a binomial that results in 0. Using all of this information, you'll get that the polynomial that has a leading coefficient of 2, a root of -5 with a multiplicity of 3, and a root of 12 with a multiplicity of 1 is [tex]f(x)=2(x+5)(x+5)(x+5)(x-12)[/tex].

find the requivalent ratios of the following 7:12​

Answers

Answer:

Step-by-step explanation:

So in the example you gave, a ratio of 7:12 means that for every 7 of the first item, there are 12 of the second. The order becomes very important, as changing the ratio to 12:7 would mean that for every 12 of the first item, there are 7 of the second, which is not the same thing at all

7:12

14:24

21:36

28:48

keep smiling always

The table shows the number of gallons of water

Answers

Answer:

Hello! answer: 360

Step-by-step explanation:

The rule is multiply by 30 I found this out by using the info shown in the table like...

120 ÷ 4 = 30 90 ÷ 30 = 3 60 ÷ 30 = 2 and so on matching up with the chart! so what I did was 12 × 30 to get the final answer to follow the pattern so... 12 × 30 = 360 therefore the answer is 360 HOPE THAT HELPS!

1. A student enlarged this rectangle to fill as
much as possible of an 8.5 cm x 11 cm
piece of paper. What scale was used?
6.3 cm
4.7 cm
A 1.75
B 1 : 2.34
C 1 4.43
D 1 : 5.94

Answers

The answer is A hope it helps u

Clark has two 16-ounce cans of corn. He uses 18 ounces of it to
make a corn soup and the rest to make a casserole.
a. How many ounces of corn did he use to make the casserole?

Answers

Answer:

14

Step-by-step explanation:

Answer:

14 Ounces

Step-by-step explanation:

16 x 2 = 32 Ounces of corn

32 - 18 = 14 Ounces

Let BC=CD=12cm, and the length of arc BD=15cm. Find the area, in square centimeters, of sector BCD.

Answers

Answer:

option b : 90 sq. cm

Step-by-step explanation:

1) Area of circle with radius = 12cm

Area = π r^2

= 3.14 * (12) (12)

= 3.14 * 144

= approx 452.4

2) Circumference of circle with radius = 12cm

Circumference = 2πr

= 2 * 3.14 * 12

= approx 75 .4

3) Arc length = 15cm ......(given)

[tex] \frac{area \: of \: sector}{total \: area} = \frac{arc \: length}{circumference} [/tex]

[tex] \frac{area \: of \: sector}{452.4} = \frac{15}{75.4} [/tex]

[tex]area \: of \: sector \: = \frac{15 \times 452.4}{75.4} [/tex]

[tex] = \frac{6786}{75.4} [/tex]

[tex] = 90 {cm}^{2} [/tex]

can someone please help I will do anything

Answers

Answer:

678.24 cubic centimeters

Step-by-step explanation:


[tex]8 {}^{x + 2} = 4 {}^{2x + 3} [/tex]

Answers

X=0 hope that helped!

Matthew has 5 1/4 bags of fertilizer to spread around his yard. Each bag of fertilizer will cover 115.4 ft 2. How many square feet will Matthew be able to cover if he uses all of the fertilizer?

Answers

Answer:

605.85 (ft 2)

Step-by-step explanation:

5 1/4 * 115.4 = 605.85 (ft 2)

f : x → ½x - 3, what is the value of 'x' when f(x) = 11?

Answers

Answer:

x=28

Step-by-step explanation:

1/2x - 3 = 11

Add 3 on both sides

1/2x = 14

Multiply 2 on both sides x=28

Answer:

For example, if f (x) and g (x) are inverses of each other, then we can ... Consider another case where a function f is given by f = {(7, 3), (8, –5), (–2, 11), (–6, 4)}. This function is one-to-one because none of its y - values appear more than once.

Step-by-step explanation:

Hi I need help please

Answers

Answer:

Trapezoid. Big to small = 3:1

Square. Enlargement

Step-by-step explanation:

base 1 of trapezoids respectively big to small are 6:2 or 3:2

The purple shape is an enlarged form of the black square.

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

-Chetan K

7k-6,2k+14 solve for K

Answers

Answer:

0.8k +14

Step-by-step explanation:

See the steps below:)

Which of the following are true statements about a 30-60-90 triangle?
Lan

Answers

Answer:

C and F

Step-by-step explanation:

Answer:

A, F

Step-by-step explanation:

ratio of sides in a 30-60-90 triangle is  1 : [tex]\sqrt{3}[/tex] : 2

Which binomial is a factor of 3x^2 + 2x − 5 ?
3x-1
3x-5
x-1
x-5

Answers

Answer:

3x-1

Step-by-step explanation:

3x^2+2x-5=3x-1 x1-25

If 2x + 5 = 82, then 12x = ?
A 5
B
10
C 15
D 20

Answers

Answer:

2x= 38.5

Step-by-step explanation:

I'm not sure where u got 12x but 2 x = 38.5:

2x + 5 =82

subtract 5 for 82

2x = 77

77 divided by 2 is 38.5

x = 38.5

hope this helps :)

The table below shows the number of students in four schools with grade
point averages in various ranges. The grade point averages of the students in
which school represent a U-shaped distribution?
School A School B School C School D
Greater than 1.5 but less than 2.0 22 15 82 19
Greater than 2.0 but less than 2.5 39 43 46 57
Greater than 2.5 but less than 3.0 67 98 26
81
Greater than 3.0 but less than 3.5 41 45 59 50
Greater than 3.5 but less than 4.0 27 12 78 17
A. School B
O
B. School C
C. School D
Ο Ο
D. School A

Answers

Answer:

b

Step-by-step explanation:

Step-by-step explanation:

school c so B would be correct

A dilation has center at the origin. Which of the following is the image of the point P(1.- for a scale
factor of
A
D: (P) = P(x3)
B
D}(P) = P',
C
D:(P) = P1C-
D
D}(P) = PG-)

Answers

Answer:

C. [tex]D_\frac{1}{7} (P)=P'(\frac{1}{4},-\frac{5}{14} )[/tex]

Step-by-step explanation:

[tex]\frac{7}{4}*\frac{1}{7}=\frac{7}{28} =\frac{1}{4}[/tex]

[tex]-\frac{5}{2} *\frac{1}{7} =-\frac{5}{14}[/tex]

A rectangular room is 11 feet by 14 feet. The ceilings are 9 feet high. If a gallon of paint covers 250 square feet. How many gallons of paint are needed to paint the room?

Answers

Answer:

3 gallons or 3.032

Step-by-step explanation:

find the total surface area (758)

divide by 250 or subtract 250 till it is under that number

give the formula in finding the surface area of the cube

Answers

Answer:

A=6a²

Step-by-step explanation:

Lowercase a is the length of one side.

A=6a^2 is the formula

It Takes Mike 18 minutes to finish reading 4 pages of a book. How long does it take him to finisn reading 30 pages?​

Answers

Answer:

135

Step-by-step explanation:

First, divide.

18 ÷ 4 = 4.5

Then, multiply.

4.5 × 30 = 135

Have a great day!

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