How small would the sample percentage need to be

Assignment Help Microeconomics
Reference no: EM131029255

A manufacturer claimed that at least 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. With α = .05, how small would the sample percentage need to be before the claim could legitimately be refuted? (Notice that this would involve a one-tailed test of the hypothesis.)

Reference no: EM131029255

Questions Cloud

Method of randomizing the experimental units : a. Explain a method of randomizing the experimental units to the levels of factors A and B in this experiment. b. Write a linear model for this experiment. Make sure to identify each of the terms in the model and list the range of values for all su..
Siimply evaluating and monitoring : Siimply evaluating and monitoring is not enough to assure success, you as a business leader must also build an organization capable of execution What type of variables would you suggest monitoring?
Suggest an appropriate dependent variable : a. Suggest an appropriate dependent variable. b. Write a model for this experimental situation and identify all terms. c. Fill out the sources and degrees of freedom for an AOV table.
Offshore financial centers facilitate money laundering : Governments dislike the fact that offshore financial centers facilitate money laundering. Do you think that electronic commerce makes it easier or harder to launder money and camouflage other illegal activities? Do you think offshore financial center..
How small would the sample percentage need to be : A manufacturer claimed that at least 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. With α = .05, how small would the sample percentage need to be before the claim could legitimately be refuted? (Noti..
Variability in an analysis of variance table : a. Write an appropriate model (including an effect for weeks) and the sources of variability in an analysis of variance table. b. How would your model change if we analyze the total 2-week sales data? c. Run an analysis of variance on the 2-week sale..
Information security system in australia : Would the company need the certification and accreditation of its information security system in the countries of satellite campuses as well?
Required using the low-level coded product structure tree : Product A consists of three units of Subassembly B, three units of C, and one unit of D. B is composed of two units of E and three units of F. C is made of three units of H and four units of D. H is made of five units of E and two units of G. d. To p..
Components as taking the you attitude emphasizing positive : Components as taking the "you" attitude, emphasizing the positive, establishing credibility, being polite, using bias-free language, using visual aids, and projecting a good company image. How can I exhibit these qualities in a formal proposal?

Reviews

Write a Review

Microeconomics Questions & Answers

  Under what conditions will an increase in the price of a

under what conditions will an increase in the price of a product lead to a reduction in total spending for that

  How is the market price of a good determined

How is the market price of a good determined? When the market for a product is in equilibrium, how will consumers value an additional unit compared to the opportunity cost of producing that unit? Why is this important?

  Is there something that policymaker should be concerned with

Unemployment insurance, because it allows people to spend more time searching for a job than they would otherwise be able to, can increase the natural rate of unemployment. Is this something that policymakers should be concerned with

  Discuss the validity of given arguments

"Keynes argued that wage stickiness was probably a good thing, that wage and price ?exibility could easily be destructive of real economic stability. His reasoning went like this. In a monetary economy, the nominal interest rate cannot be neg..

  How the budget deficit is of tremendous concern

The budget deficit is of tremendous concern and all law makers agree that some measures should be taken to reduce it. However, The Republicans see the issue as a spending problem, while the Democrats see it as a revenue problem.

  Firm uses three inputs to produce its output

Suppose that the firm uses three inputs to produce its output: capital K, labor, L and materials, M. The firm’s production function is given by Q = K^ (1/3) * L ^ (1/3) * M ^ (1/3).

  Is evidence of sufficient differences among mean residue

The Florida Game and Fish Commission desires to compare the amounts of residue from three chemicals found in the brain tissue of brown pelicans. Independent random samples of ten pelicans each yielded the accompanying results . Is there evidence ..

  Evaluate future of the competitive environment of air travel

Evaluate the future of the competitive environment of air travel. Account for the differences in fortunes between Amazon and W.H. Smith. What are the benefits of physical, online and e-sales to consumers and retailers?

  Question 1complete the table below for a feed price of 380

question 1.complete the table below for a feed price of 380 per tonne and a weaner price of 1.10 per kilogram. indicate

  Is the effect of higher taxes on output smaller or greater

Using the basic IS-LM model in the open economy, analyze the effects of tax increases on the equilibrium output (Y), nominal interest rate (i) and the nominal exchange rate (E). Is the effect of higher taxes on output smaller

  Explain the rational approach to individual decision making

What are the differences and similarities of the application of organization theory between the U.S. Federal Government and the private corporations pursuing profits?

  Question about efficient production

Supporter of free market systems discuss that free enterprise leads to more efficient production and better response to changing customers preferences.

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