How does the decrease in confidence affect the sample size

Assignment Help Business Economics
Reference no: EM132140975

Doctor wants the estimate the HDL cholesterol of all 20 to 29 year old females. How many subjects are needed to estimate the HDL cholesterol within 3 points with 99% confidence assuming o=18.2? Suppose the doctor would be content with 95% confidence. How does the decrease in confidence affect the sample size?

A 99% confidence level requires how many subjects?

Reference no: EM132140975

Questions Cloud

Review problem on business law : Kinkaid Company, a corporation organized under the laws of State M, after receiving approval by the shareholders, sold the entire assets of the company.
Circuit on a semiconductor device : A confidence interval estimate is desired for the gain in a circuit on a semiconductor device. Assume that gain is normally distributed with standard deviation
Why is ethical misconduct more difficult : Why is ethical misconduct more difficult to overcome than poor financial performance? Do some stakeholders suffer more from ethical misconduct than from poor.
Confidence interval for the population proportion : Construct a 99% confidence interval for the population proportion. A 99% confidence interval for the population proportion is ( , )
How does the decrease in confidence affect the sample size : Suppose the doctor would be content with 95% confidence. How does the decrease in confidence affect the sample size?
Define business cycles and long-term trend of the economy : What were the business cycles and long-term trend of the economy from the 1960s to now, and the main factors behind its growth?
Estimate the number of books read the previous year : Initial survey results indicate that o=12.4 books. A 99% confidence level requires how many subjects?
Define reasons in the behavior of oil prices : The British pound appreciated (in real terms) significantly between 1977 and 1981. find two main reasons for this appreciation.
Percentage of nights will demand exceed capacity : Due to budget cuts, there will only be 220 beds. On what percentage of nights will demand exceed capacity?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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