Conducting a survey of consumer preferences

Assignment Help Basic Statistics
Reference no: EM13105722

The Nile Superstore is conducting a survey of consumer preferences for a new wireless, e-book reader. A sample of 160 people reveals that 120 would buy the new reader. Estimate the value of the population proportion.

Reference no: EM13105722

Questions Cloud

Politician advisors estimating proportion : The politician's advisors estimated the proportion supporting her fiscal policy to be .60. How large of a sample is required?
Explain what characteristics of the audience : Explain what are some considerations to keep in mind given the diversity of the audience? Explain how would you ensure that your message is effective?
Discuss the various characteristics of waiting lines : Discuss the various characteristics of waiting lines and describe their overall function with queuing models.
Utilizing all five steps create a fictional scenario : Utilizing all five steps create a fictional scenario that demonstrates how services rendered for a patient visiting a doctor's agency would be handled
Conducting a survey of consumer preferences : The Nile Superstore is conducting a survey of consumer preferences for a new wireless, e-book reader. A sample of 160 people reveals that 120 would buy the new reader. Estimate the value of the population proportion.
Iinformation about confidence interval estimation : The security department of a state university is planning its budget for the next year. In estimating the man-hours for security during university sponsored music concerts, the average length of music concerts is needed.
Explain strategic planning process at manufacturing company : Create the 700-1,050-word paper in which you recognize strategic planning process at the manufacturing company. Describe the (general) purpose of strategic planning.
Explain human nature ethics : Can you provide some workplace examples for Duty-based Ethics, Human Nature Ethics, Consequence-based Ethics, Right-based Ethics
Estimate the value of the population proportion : A university wants to determine the proportion of students who use a cash card to pay at the university food service. Out of 100 students surveyed, 65 students use a cash card. Estimate the value of the population proportion.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Anova analysis for real world situation

Clearly identify the independent and dependent variables you would study, including the number of levels of the independent variable.

  Forecasting the quarterly revenue

Use exponential smoothing to develop simple, trend (Holt's), and seasonal models (both simple and trend) for forecasting the quarterly revenue from 1-year batteries.

  Sample mean of the sampling distribution

The sample mean of the sampling distribution of a statistic is 6 and the standard error of the statistic is 1.03. What is the probability that xbar > 7.52?

  Number of accidents occurring in an industrial plant

Suppose that the number of accidents occurring in an industrial plant is described by a Poisson distribution with an average of one accident per month. Let x denote the time (in months) between successive accidents.a Find the probability that the ..

  Analyzing data using the statistical test

a) What statistical test should be used to analyze these data? b) Identify H0 and Ha for this study. c) Conduct the appropriate analysis d) Should H0 be rejected? What should the researcher conclude?

  Information about random variable

Let X be a normal distributed random Variable with u=100 and o=10. the probability that X is between 70 and 100 is:

  Central limit theorem apply in making a business decision

How could the Central Limit Theorem apply in making a business decision? Try to provide an example from your current or future career.

  Pros and cons of extrapolation

I am not understanding how to do this question as I am still trying to grasp an understanding of the material. I came across this question at the end of the chapter:

  Determining seasonally adjusted forecast

Small Wonder, an amusement park, experiences seasoned attendance. It has collected two years of quarterly attendance data and made a forecast of annual attendance for the upcoming year.

  Association between two variables

To test whether there is any association between two variables using Chi-Square test for independence.

  P-values versus critical values

We have discussed two different methods for making statistical inferences such as developing interval estimates and conducting hypothesis tests. These methods are the "Critical Value Method" and the "P-Value Method".

  Multiple linear regression model - anova table

This model is fit to the data using the method of least squares using statistical software, and the following ANOVA table is obtained

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