Estimate the proportion of traveling business people

Assignment Help Basic Statistics
Reference no: EM131694204

Question: A maker of portable exercise equipment, designed for health-conscious people who travel too frequently to use a regular athletic club, wants to estimate the proportion of traveling business people who may be interested in the product. A random sample of 120 traveling business people indicates that 28 may be interested in purchasing the portable fitness equipment. Give a 95% confidence interval for the proportion of all traveling business people who may be interested in the product.

Reference no: EM131694204

Questions Cloud

Piano tuner applies to stretch a steel piano wire : Calculate the force a piano tuner applies to stretch a steel piano wire 8.30 mm, if the wire is originally 0.860 mm in diameter and 1.30 m long.
How much energy is released : How much energy is released when 10 g of steam at 100 degrees celcius are poured on the counter assuming the counter is 20 degrees celcius?
You motivate a colleague who is not interested in working : As a team leader, how can you motivate a colleague who is not interested in working?
What is the operating leverage : what is the operating leverage in 2015; the production manager wants to automate production and lower variable costs by $2 per unit and spend
Estimate the proportion of traveling business people : A maker of portable exercise equipment, designed for health-conscious people who travel too frequently to use a regular athletic club.
Propose three privacy and security measure : Create an argument to be presented to the CIO the need to integrate all clinical and administrative departments using a Health Information.
What is meant by the term sustainability : What is meant by the term sustainability? How does lack of knowledge about the future affect attempts to engage in sustainable behavior?
What do you understand by the term team process : What do you understand by the term team process? Write a 3+ page, double-spaced paper, describing the five stages of team development.
Type of behavior or action may be classified as criminal act : What type of behavior or action may be classified as a criminal act? What type of behavior or action may be classified as a tort?

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