Actual proportion of all adults who recognize the brand name

Assignment Help Basic Statistics
Reference no: EM131813151

Question: A corporation has advertised heavily to try to insure that over half the adult population recognizes the brand name of its products. In a random sample of 20 adults, 14 recognized its brand name. What is the probability that 14 or more people in such a sample would recognize its brand name if the actual proportion p of all adults who recognize the brand name were only 0.50?

Reference no: EM131813151

Questions Cloud

The assets commonly held by households in united states : Use the Web or library research to obtain information about the assets commonly held by households in the United States.
Standard deviation of the number of sales made per week : Assuming that the salesman makes 20 sales calls per week, find the mean and standard deviation of the number of sales made per week.
Wesfarmers shares be worth five years from now : If the required rate of return for this shares is expected to remain at 12%, how much would Wesfarmers shares be worth five years from now?
Viewpoint of acquired and acquiring firm shareholders : Discuss the advantages and disadvantages of stock-for-stock versus cash-for-stock transactions from the viewpoint of acquired and acquiring firm shareholders.
Actual proportion of all adults who recognize the brand name : A corporation has advertised heavily to try to insure that over half the adult population recognizes the brand name of its products.
Quotes in the spot currency market-direct or indirect : There are two types of quotes in the spot currency market, direct or indirect.
What is the average number of times thumbtack lands : If the experiment of dropping the tack 15 times is done repeatedly, what is the average number of times it lands with its point in the air?
Probability of detecting an error in a piece of written work : Show that two such proofreaders working independently have a 99.96% chance of detecting an error in a piece of written work.
Corporate taxes-marginal tax rates on taxable income : What are Dakota’s average and marginal tax rates on taxable income?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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