What proportion of adults said that clothing was ?rst choice

Assignment Help Basic Statistics
Reference no: EM131014235

What purchases will be made? A poll of 811 adults aged 18 or older asked about purchases that they intended to make for the upcoming holiday season.5 One of the questions asked what kind of gift they intended to buy for the person on whom they intended to spend the most. Clothing was the ?rst choice of 487 people.

(a) What proportion of adults said that clothing was their ?rst choice?

(b) What are the odds that an adult will say that clothing is his or her ?rst choice?

(c) What proportion of adults said that something other than clothing was their ?rst choice?

(d) What are the odds that an adult will say that something other than clothing is his or her ?rst choice?

(e) How are your answers to parts (a) and (d) related?

Reference no: EM131014235

Questions Cloud

Bond and interest rates suddenly fall : Suppose you hold a bond and interest rates suddenly fall. Duration says that bond prices will raise a given amount. If Convexity is included in this estimate, will bond prices go above or below what Duration predicts? Explain your answer.
Risk-free rate remains unchanged but the market risk premium : The risk-free rate, KRF, is 6 percent and the market risk premium, (KM – KRF), is 5 percent. Assume that required returns are based on the CAPM. The portfolio’s required return is less than 11 percent. If the risk-free rate remains unchanged but the ..
What is the companys cost of equity capital : Skillet Industries has a debt–equity ratio of 1.2. Its WACC is 9.0 percent, and its cost of debt is 5.7 percent. The corporate tax rate is 35 percent. What is the company’s cost of equity capital? What would the cost of equity be if the debt–equity r..
Income statement preparation : Income Statement Preparation: Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information: Calculate the operating expenses, operating profit, and profit percentage. Did JMS have a good ye..
What proportion of adults said that clothing was ?rst choice : What proportion of adults said that clothing was their ?rst choice? What are the odds that an adult will say that clothing is his or her ?rst choice?
What you see as irigaray apparent intentions : Include a brief discussion of what you see as Irigaray's apparent intentions with that passage. What clarity (or complexity) does this passage bring to the text
Calculate earnings per share and dividend yield : The Haley Corporation has just announced year-end results as follows: Value of company assets $12,500,000. Calculate the book value per share. Calculate earnings per share. Calculate Haley Corporation's dividend yield.
Most appropriate for an aggressive investor : An investor is considering purchasing one of the following three stocks. Stock X has a market capitalization of $7 billion, pays a relatively high dividend with little increase in earnings, and has a P/E ratio of 11. Which of the three would you clas..
Made fantastic investment : Arianna just made a fantastic investment: She purchased 400 shares in Great Gains Corporation for $21.50 per share. Yesterday the stock closed at $56.50 per share. In order to lock in her gains, she has decided to employ a stop-loss order Assuming sh..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Problem regarding the mn ore conditions

Consider each situation described below. Identify the population and the sample, explain what p and p represent, and tell whether the methods of this chapter can be used to create a confidence interval.

  Corresponds to an observational study or an experiment

Determine whether the description corresponds to an observational study or an experiment. Thirty university students are divided into two groups, one group receives free tutoring in mathematics, the other does not.

  Statistical analysis-decision rule and p-value

The manufacturer of the X-15 steel-belted radial truck tire claims that the mean mileage the tire can be driven before the tread wears out is 60,000 miles. The standard deviation of the mileage is 5,000 miles.

  Freedom for the two-sample t procedures

It has been claimed that women live longer than men; however, men tend to be older than their wives. Ages of sixteen husbands and wives from England were obtained. These data should be analyzed with a

  Find the probability that a person on diet losses

The interval 6 to 12 pounds. find the probability that a person on this diet losses more than 11 pounds in the first two months.

  E-loan an online lending service recently offered 36 month

e-loan an online lending service recently offered 36 month auto loans at 3.6 to applicants with good credit ratings. if

  You are conducting a survey regarding illicit drug use

consider the sampling designs provided below. for each sampling design indicate whether or not the sampling is flawed.

  Calculate the lower bound of a 90 confidence interval for

researchers studied the effects of adding an exercise program to dieting in the achievement of weight loss. a sample of

  Probabilities to the sample points

Assign probabilities to the sample points and then find the probability that the first envelope purchased contains less than $100.

  Draw a histogram and frequency polygon

Calculate percentage and sectarian angle of each program - construct a frequency distribution and draw a histogram and frequency polygon.

  Which of the following is not an assumption needed for

which of the following is not an assumption needed for one-way analysis of variance?a random selection of samples frome

  Why would you expect most observed values

State the general relationship between consumption Y and disposable income X in (a) exact linear form and (b) stochastic form. (c) Why would you expect most observed values of Y not to fall exactly on a straight line?

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