Compute confidence interval for mean percentage share

Assignment Help Basic Statistics
Reference no: EM13108561

Assume that the random sample of 400 US advertising agencies gives average percentage share of billing volume from network television equal to 7.46 percent, and suppose that σ equals 1.42 percent. Compute 95 percent confidence interval for mean percentage share of billing volume from network television for population of all US advertising agencies.

Reference no: EM13108561

Questions Cloud

Construction of confidence interval for sample mean : Construction of confidence interval for difference between first and second sample mean revealed interval to be 10 plus or minus 12. We conclude.
Determining the size of research study : A research study reports t(14) = 2.17. How many individuals participated in the study? Is this t statistic sufficient to reject the null hypothesis using a two-tailed test with alpha = 0.05?
Two-tailed test-development of social skills : A psychologist is examining the influence of an older sibling in the development of social skills. A sample of 24 three year old children is obtained.
Analyzing ethical issue in business : You are to write a paper analyzing an ethical issue (of your choice) in business. You are to identify the key ethical issues and argue a particular ethical position.
Compute confidence interval for mean percentage share : Compute 95 percent confidence interval for mean percentage share of billing volume from network television for population of all US advertising agencies.
Hypothesis testing-f max test : The following data are from two separate samples. Does it appear that these two samples came from the same population or from two different populations?
Describe role of cio in today global business environment : What is the role of a CIO in today's global business environment? Dr. Carr presents a good argument in the "IT doesn't matter" reading. Present your view of Carr's central arguments that investments in IT.
Find right-hemisphere damage results in significantly : Find out whether or not right-hemisphere damage results in significantly reduced performance on spatial skills task. Test with alpha set at .05 with one tail.
Statistics and death penalty : In November 2009, 65% (0.65) of Americans favored the death penalty for a person convicted of murder. In November 2010, 1025 adult Americans were asked by the Gallup organization,

Reviews

Write a Review

Basic Statistics Questions & Answers

  Descriptive statistics and probability

A tetrahedron is a fully-symmetric pyramid-like solid, with four faces made up of equal-sized equilateral triangles. Suppose that the four faces contain different number of spots, from one spot to four spots, so that the tetrahedron may be rolled ..

  Find the probability of getting a head and rolling a six

Find the probability of getting a head and rolling a six

  Set of hypothesis for testing

To find out whether the course is effective in increasing sales, the appropriate set of hypothesis for testing is:

  Evaluate the random variable with standard deviation

The weight of the oranges, in pounds (1 pound = 16 ounces) is a random variable with standard deviation

  Probability related to recognition of brand name

A brand name has 60% recognition rate. if the owner of the brand wants to verify that rate by beginning with a small sample of 5 randomly selected consumers, find the probability that exactly 3 of the 5 consumers recognize the brand name. Also fin..

  Test value-hypothesis of average cost of books per student

At a certain university, the average cost of books per student was 400.00 last semester. In a sample of 40 students this semsester, their average cost was 340.00 with a standard deviation of 80.00.

  Chi square and f distribution

Each F-distribution is identified by two numbers of degrees of freedom, one for each of the two samples involved.

  Computing test statistic and decision

Conduct the following test using 95% level of confidence.

  Significant mean difference

To test whether there is significant mean difference between two groups using independent sample t test.

  Data in the scatterplot

The data in the scatterplot below are an individual's weight and the time it takes (in seconds) on a treadmill to raise his or her pulse rate to 140 beats per minute. The o's correspond to females and the +'s to males.

  Mean life of a certain type of light bulb

A light bulb manufacturer guarantees that the mean life of a certain type of light bulb is at least 925 hours. A random sample of 39 light bulbs has a mean life of 905 hours with a standard deviation o 55 hours.

  Expected value of owning a defibrillator

Suppose it costs $2,500 to buy a defibrillator. Find the expected value of owning a defibrillator if there is a 4% probability that "Silver's Gym" will lose a lawsuit regarding its operation, with each lawsuit resulting in "Silver's Gym" being lia..

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