Construct a confidence interval estimate of the difference

Assignment Help Basic Statistics
Reference no: EM131340522

A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π1 and π2 represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively. Construct a 95% confidence interval estimate of the difference in proportion of workers who would like to attend a self-improvement course in the recent study and the past study. Show how you obtain your answer.

The company tests to determine at the 0.05 level whether the population proportion has changed from the previous study. Which would be the conclusion? Explain how you obtain your answer.

Reference no: EM131340522

Questions Cloud

What is the expected return rate of the market portfolio : Consider a market consisting of only two assets, A and B. There are 100 shares of asset A in the market, sold at a price per share equal to $1.00. There are 100 shares of asset B in the market, with a price of $2.00 per share. What is the expected re..
Calculate the current through the 12 ? resistor : A 12 Ω resistor is connected in parallel with a 15 Ω resistor and the combination is connected in series with a 9 Ω resistor. If this circuit is supplied at 12 V
Determine probability of a card in sports card case purchase : Determine the probability and cost of a card in the following sports card case purchase and the odds as follows. A 200 card base set features players from the Socceroos, Matildas and A-League teams.
What is the profit or loss associated with copper : Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $..
Construct a confidence interval estimate of the difference : Construct a 95% confidence interval estimate of the difference in proportion of workers who would like to attend a self-improvement course in the recent study and the past study. Show how you obtain your answer.
What are two ways in which college has changed you : WHAT ARE TWO WAYS IN WHICH COLLEGE HAS CHANGED YOU - Write a 4 paragraph essay. 3-5 sentence for the introductory paragraph.
Difference between fairness and justice : 1. Discuss the difference between "fairness" and "justice"? Should stakeholders be treated "fairly" or "justly"? Discuss.
Which factor do you think made biggest influence on reaction : Which factor do you think made the biggest influence on the reactions? Why? Out of the five different reactions, which reaction was the slowest? Was this what you expected? Why?
Determine best possible option for evaluating strategic plan : Write a section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.Include marketing and information technology strategies and tactics.

Reviews

Write a Review

Basic Statistics Questions & Answers

  How to find the manufacturer-s claim plausible

If the sample mean lifetime of the 100 batteries were 36.7 hours. would you find the manufacturer's claim plausible? Explain.

  Find the variance

Consider a finite size population for N in which you want to study a variable  y that takes a very small value for the first element of the sampling frame

  Construct a binomial distribution

You randomly select six women and ask each if she considers herself a fan of professional baseball. Construct a binomial distribution using n=6 and p=0.39.

  Percent of the sales representatives

What percent of the sales representatives earn more than $42,000 per year? What percent of the sales representatives earn between $32,000 and $42,000?

  A random sample of 225 sat scores has a mean of 1500 assume

a random sample of 225 sat scores has a mean of 1500. assume that sat scores have a population standard deviation of

  What is the variance of the distribution of means

1. The counselor calculates the unbiased estimate of the population's variance to be 15. What is the variance of the distribution of means?

  In the bucket there are 200 tickets and 36 of them have a

in the new dunn zone at waldo stadium the university has decided to run a promotion to increase student attendance. for

  A consignment contains 100 items if a random sample of 3

a consignment contains 100 items. if a random sample of 3 items from a consignment contains 1 or more faulty items then

  What is quantity of trees she should purchase

If the purchase price for a tree is po = €30 which she then sells at ps = €50, assuming she cannot recover any value at all from any unsold tree, what is the quantity of trees she should purchase in order to maximize her expected pro..

  Find the sample size required to estimate the mean age of

find the sample size required to estimate the mean age of registered drivers in the united states. assume that we want

  Is increased investment growth worth consulting fee

The standard deviation of the monthly growth rates will remain 60%. Is the increased investment growth worth the consulting fee?

  Assume that adults have iq scores that are normally

assume that adults have iq scores that are normally distributed with a mean of u 100 and a standard deviation 20. find

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