Interpret the meaning of given probability

Assignment Help Basic Statistics
Reference no: EM131417357

Suppose that a margin of error for a sample percentage is reported to be 3%.

What is the probability that the difference between the sample percentage and the population percentage will be more than 3%? Interpret the meaning of this probability.

Reference no: EM131417357

Questions Cloud

Develop key success factors budget and forecasted financials : Recommend any organizational change management strategies that may enhance successful implementation. Develop key success factors, budget, and forecasted financials, including a break-even chart.
What are some examples of behavior controls : What are some examples of behavior controls? Output controls? Input controls? Is benchmarking just another fad or is it really useful for all firms? Why?
Disputes to arbitration instead of to litigation in courts : Who among the following people is most likely to handle human resource activities in a small, independent business? What are advantages of submitting contract disputes to arbitration instead of to litigation in courts?
Characteristics of the charismatic leader : Please answer in-depth and in word doc if sending an attachment please. No picture please (1) Discuss some of the characteristics of the charismatic leader and components of the charismatic leadership process.
Interpret the meaning of given probability : What is the probability that the difference between the sample percentage and the population percentage will be more than 3%? Interpret the meaning of this probability.
Explain what functions should it perform for the company : In what ways can the business benefit from a Web site? What functions should it perform for the company (e.g., marketing, sales, customer support, internal communications, etc.)?
What are the benefits of the style of lighting : How was the lighting technique suited to the genre of the film? For example, documentary films tend to rely on natural light as a way of creating an overall tone of authenticity.
What is the firm new balance : On November 26, a $20,000 payment was made on the account. The billing cycle for November has 30 days. If the current prime rate is 8.5% what is the finance charge on the account, and what is the firm's new balance?
What will be the margin of error for the given survey : The organization plans to gather data from a randomly selected sample of 550 individuals. On the basis of the "conservative" estimate, what will be the margin of error for the survey?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Average precipitation and normal distribution

Average Precipitation For the first 7 months of the year, the average precipitation in Toledo, Ohio, is 19.32 inches. If the average precipitation is normally distributed with a standard deviation of 2.44 inches, find these probabilities.

  Solving the given analysis by using graphical method

The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit. Solve this model by using graphical analysis.

  A 95 confidence interval for the difference in proportion

a candidate for one of ohios two u.s. senate seats wishes to compare her support among registered voters in the

  Why the test statistic for goodness-of-fit is similar to

why the test statistic for goodness-of-fit is similar to the calculation for population standard

  Purchasing cases of wine

Suppose that you are purchasing cases of wine and that periodically you select a test case to determine the adequacy of the bottles' seals. To do this you randomly select and test 3 bottles int he case.

  Explain finding value of test statistic and p-value

Explain finding value of test statistic and P-value also understand the result. At the .01 significance level can we compute that the mean fare has increased.

  Find the equilibrium strategies

Show formally that to bid one's own value is a dominant strategy in the Vickrey auction - Find the equilibrium strategies. What is peculiar about them?

  Concepts for statistics

Using the table below, compare and contrast the main differences between two quantitative research designs and two qualitative research designs.

  Criticize the given definitions - history

Criticize the following definitions in light of the eight rules for lexical definitions:- History is the unfolding of miscalculations.

  Test the means of two populations

Two boats the prada (Italy) and the oracle (USA) are competing for a spot in the upcoming Americans cup race. They race over a part of the course several times. Below are the sample times in minutes at the .05 significance level.

  Find the probability that the shop is empty

Arrivals tend to follow the Poisson distribution, and service times are exponentially distributed. What is the probability that the shop is empty?

  Assuming that this sample is representative of the cars in

in a sample of seven cars each car was tested for nitrogen-oxide emissionsin grams per mile and the following results

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