Confidence interval for proportion of delinquent customer

Assignment Help Basic Statistics
Reference no: EM1316647

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are delinquent (more than 90 days overdue). For this quarter, the auditing staff randomly selected 400 customer accounts and found that 80 of these accounts were delinquent. What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company? 

A. 0.1608 to 0.2392

B. 0.1992 to 0.2008

C. 0.1671 to 0.2329

D. 0.1485 to 0.2515

E. 0.1714 to 0.2286

Reference no: EM1316647

Questions Cloud

Confidence interval for the true mean length : What is the 95% confidence interval for the true mean length of the bolt?
Presume 10 undergraduate students are selected randomly : Nine percent of undergraduate students carry credit card balances greater than $7000. Presume 10 undergraduate students are selected randomly to be interviewed about credit card usage.
The product of two complex numbers : The product of two complex numbers
Unix and window trace route : Compare and contrast some of the differences between the UNIX (and Linux) and the Window Trace route. All codes for each ICMP error message are not fully listed and described.
Confidence interval for proportion of delinquent customer : What is the 95% confidence interval for the proportion of all delinquent customer accounts at this manufacturing company?
The probability that return for common stocks : The article claims that the distributions of annual returns for both common stocks and long-term government bonds are bell-shaped and approximately symmetric. Assume that these distributions are distributed as normal random variables with the mea..
Findout the probability value for normal distribution : Findout the probability value for normal distribution. Illustrate the weight of football players is normally distributed with a mean of 200 pounds also a standard deviation of 25 pounds.
Analyzing the price system in medical service substitution : Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?
Dividing a complex number with another number : Dividing a complex number with another number.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Hypothesis testing for difference between matched pairs

Using the following data on 15 workers, construct an exact 95% confidence interval for µ.

  Labor negotiations estimate that 30 percent of all major

Labor negotiations estimate that 30 percent of all major contract negotiations result in a strike. During the next year, 12 major contracts must be negotiated. Determine the following probabilities.

  Frequency of committing error with different alpha level

In 1,000 samples, assuming that  H 0 is true, how many times would you expect to commit Type I error if:

  Probability based on a game of rolling a pair of dice

A game involving a pair of dice pays out $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36.

  Advantage of the permutation test

An advantage of the permutation test over the t test for a difference in means, can Permutation tests be used for tests when we believe the two populations differ under the null hypothesis.

  Difference in mean number of surgeries

Can we conclude there is a difference in mean number of surgeries performed by hospital or by day of week?

  Determining population when confidence given

At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.

  Distribution interval or a bootstrap percentile interval

An advantage of the permutation test over the t test for a difference in means is that - distribution interval or a bootstrap percentile interval

  Determine if there are patterns of either excellence or lack

These can have a large impact on tenure and promotion decisions at many institutions. One particular instructor had ratings in 3 courses in one semester as given by the table below for the statement "The instructor is an excellent teacher.

  Determining conclusion regarding null hypothesis

What is your conclusion regarding null hypothesis?

  Association between two variables using chi-square

Calculate chi-square for the cross-tab. Show your work. Is there a statistically significant relationship between these variables?

  Mutually exclusive events and independent event

Given that P (A) = 0.7, P (B) = 0.5, and P (A B) = 0.8. Find the following probabilities:

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